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American Commercial Barge Lines reports the Illinois River is open end to end after flooding, though transit is slow and some bridges are impassable. Scheduled lock closures for extensive repair work will still begin July 1 and the river is not expected to fully reopen until November 1.
Planned Illinois River lock closures from July to November will restrict barge movements for grain above the closure, likely pushing volumes to rail or trucks and supporting basis and freight costs for Illinois origination.
marinelog.comMarine Log StaffMay 29, 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.
