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The Port of Greater Baton Rouge is returning to normal operations after nearly six months of disruption caused by record high water. Operators had changed how they unloaded grain in March, and unloading slowed without a grain elevator.
The port's director says the lowering of the river has allowed operations to recover.
Restored capacity at a key Gulf export port eases the bottleneck for grain exports. The effect on prices is limited because the recovery is already largely priced in.
lafarmbureaunews.comdon molinoAug 8, 2019Not enough comparable past events yet for a historical read.
After 1,054 past logistics events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.5%), and -0.0% over 20.
After 837 past logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.5% to +2.0%), 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.
