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A Mississippi River co-op manager in west central Illinois says barge loading has been limited, with only about four usable days since the river opened north of Lock and Dam 20. Heavy snowpack north of Iowa and saturated soils raise the risk of major runoff if temperatures rise quickly.
The lock is not expected to reopen until early April, barring more melt or rain.
Delayed barge loadings slow the movement of grain south and fertilizer north ahead of planting, which can widen Midwest cash bids and raise freight costs.
brownfieldagnews.comMar 21, 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.
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.
