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The Mississippi River in downtown St. Paul crested at 19.83 feet on March 31, well above major flood stage of 17 feet. Snowmelt and rain from the Minnesota River and its tributaries drove the rise, and the water will flow south toward areas farther downstream.
Floodwater moving downstream extends river closures and transport delays across the Midwest, supporting barge freight rates and interior basis strength as shipments are held back.
dtnpf.comMary KennedyApr 1, 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 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.
