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The Waterways Journal's annual review describes 2019's spring floods, which set or broke dozens of river flood records and halted or slowed barge traffic across river systems. It also notes that the flooding damaged aging lock and dam infrastructure and that supplementary federal dredging money is only now arriving.
Prolonged barge disruptions raised inland freight costs and constrained grain movement, supporting basis weakness for interior farm prices. Ongoing infrastructure damage points to continued navigation risk in coming years.
waterwaysjournal.netDavid MurrayDec 13, 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.
