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ADM explains that the Illinois River locks and dams need major repairs beginning in July 2020. The work will fully close the river to barge traffic from July through October.
ADM says the closure will affect downstream grain shipments.
A four-month full closure of the Illinois Waterway removes a key southbound outlet for grain, which raises barge freight costs and can widen Illinois River basis versus other origins.
admadvantage.comADM Grain MarketingApr 8, 2020Not enough comparable past events yet for a historical read.
After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.
After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% 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.
