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A new USDA study finds that investing $6.3 billion over ten years in the Mississippi and Illinois river lock and dam system could raise farm sales by up to $142 billion through 2045. Agriculture groups are urging Congress to fund maintenance and upgrades.
Flooding this year kept barge traffic off the rivers north of St. Louis for about twelve weeks.
The study supports long-term investment that would lower river freight costs and improve farm-gate prices. It is a policy signal with no immediate effect on prices.
brownfieldagnews.comLarry LeeAug 30, 2019Not enough comparable past events yet for a historical read.
After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), 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.
