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Flooding along the Mississippi and its tributaries has caused billions in property and crop damage, with many fields destroyed and planting abandoned. Conditions have improved from Burlington, Iowa to St. Louis, but tow size limits and daylight-only bridge passage remain in effect on lower river sections.
Continued tow restrictions keep barge capacity constrained, supporting freight rates and limiting Gulf export flows, while reduced Midwest crop volumes tighten supplies for feed buyers.
freightwaves.comFreightwaves AuthorJul 26, 2019Not enough comparable past events yet for a historical read.
After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.
After 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% 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.
