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The Port of New Orleans reopened to river traffic on July 14 after a two-day closure during Tropical Storm Barry, which made landfall near Intracoastal City with 70 mph winds. Numerous highways and rail locations remained closed as of July 15.
Temporary closure of the Mississippi outlet and continued rail disruption slow grain and meal movements for export, adding freight cost and short-term delivery delays for US feed commodities.
foodbusinessnews.netMatt NoltemeyerJul 16, 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 48 past neutral logistics events, Soybean Meal moved a median +0.7% over 5 sessions (60% higher; middle half -1.0% to +2.5%), and +0.7% 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.
