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The 2019 Upper Mississippi navigation season started late on April 24 and was disrupted by flooding and lock closures, including three closures of the St. Louis Harbor. The last tow left St. Paul on November 28, and hundreds of empty barges were moved south before winter closure.
A short, disrupted season limits how much northern grain moved by barge, pushing volume onto rail and trucks and keeping northern freight costs elevated. The effect on prices is largely already reflected in 2019 flows.
dtnpf.comMary KennedyDec 9, 2019Not 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.
