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The American Waterways Operators urged Congress to approve emergency dredging funds after record 2019 floods silted Mississippi, Illinois, Arkansas and Tennessee-Tombigbee waterways. Most of the Army Corps of Engineers' current-year dredging money is already allocated.
Insufficient dredging could restrict barge drafts and capacity on key grain routes, raising freight costs and widening basis discounts for Midwest grain. The outcome depends on congressional funding.
professionalmariner.comProfessional Mariner StaffOct 1, 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.
