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The Trump administration's fiscal 2021 Army Corps budget request of $6.9 billion proposes a new user fee on barge operators, on top of the existing 29-cent diesel fuel charge, to fund lock and dam upgrades over 10 years. The Waterways Council called the proposal excessive.
A new barge user fee would raise inland shipping costs for grain and coal, which could pass through to higher freight and commodity transport prices, though the proposal is only a budget request.
waterwayscouncil.orgWaterways CouncilFeb 1, 2020Not enough comparable past events yet for a historical read.
After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% 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.
