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A 35-barge tow pushed by the Ray Eckstein grounded at Victoria Bend, Mile 595 of the Lower Mississippi, on September 19. The river was temporarily closed while barges were cleared, with 18 moved downriver by press time and traffic queued in both directions.
Closures on the Lower Mississippi delay barge movements of grain and soybeans to Gulf export terminals, widening basis and adding freight costs for feed buyers.
waterwaysjournal.netDavid MurraySep 19, 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.
