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The Mississippi River Commission held its low-water inspection tour in Vicksburg on August 21. State officials described heavy damage to coastal fisheries and tourism from the 2018-2019 flood and the record 123-day opening of the Bonnet Carre Spillway.
Water levels were finally falling at Vicksburg.
The hearing focuses on flood damage to fisheries and tourism rather than grain flows. It has little direct effect on feed commodity prices.
healthygulf.orgAndrew WhitehurstAug 27, 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.
