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The Army Corps of Engineers partially reopened the Upper Mississippi to barge traffic on June 27. Iowa farmers say the slow recovery is delaying their income, and some have not been able to plant because fertilizer arrives by barge.
A Rock Island terminal reported only about a dozen barges had moved since mid-March, against normally one or two per day.
Delayed fertilizer deliveries could cut planted acreage and raise input costs, while stored grain waiting for barges adds to local supply and pressures farm-gate basis.
kcci.comAssociated PressJun 27, 2019Not enough comparable past events yet for a historical read.
After 49 past bullish logistics events, Urea moved a median -0.3% over 5 sessions (45% higher; middle half -1.3% to +2.2%), and -0.4% over 20.
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 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), 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.
