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The upper Mississippi River fully reopened to barge traffic for the first time since November after the Coast Guard lifted its St. Louis ban. Shippers are rushing a backlog of fertilizer barges to farmers before corn planting deadlines.
Forecast heavy rain could raise river levels again within a week.
Reopened locks ease freight bottlenecks and help get fertilizer and grain moving, which reduces near-term logistics premiums. Renewed flooding risk limits how durable that relief is.
gcaptain.comReutersMay 17, 2019Not enough comparable past events yet for a historical read.
After 64 past logistics events, Urea moved a median -0.3% over 5 sessions (48% higher; middle half -1.0% to +2.3%), and -0.3% 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.
