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The U.S. Army Corps of Engineers St. Paul District says it continues maintaining the Mississippi navigation channel during COVID-19 while following CDC guidance. The Corps states that shipping corn and soybeans by river saves producers around $1 per bushel versus rail or truck.
Reliable river navigation supports low-cost barge movement of grain, keeping Midwest basis competitive and sustaining export flows.
7atc.army.milMay 11, 2020Not enough comparable past events yet for a historical read.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.
After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
