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Historic high water and flooding have closed or restricted commercial traffic on large parts of the nation's river systems. Upper Mississippi locks are closed into mid-April or later, and tows on the St. Louis to Cairo stretch are cut in size, with restrictions expected to last until mid-May on the Gulf.
Prolonged river closures cut barge capacity for grain and fertilizer through spring, raising freight costs and widening basis in affected regions while delaying export shipments.
waterwaysjournal.netDavid MurrayApr 12, 2019Not enough comparable past events yet for a historical read.
After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.
After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% over 20.
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.
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.
