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Missouri River flooding in Iowa, Nebraska, Missouri and Kansas has closed interstates, rerouted trains and washed out rural roads and bridges. Near-record winter snowfall followed by heavy rain is also slowing barge traffic on the Mississippi, Illinois and Ohio rivers.
Damage estimates run into the billions.
Disrupted rail and road access and slower barges limit how much grain and livestock can reach markets, lowering local cash bids in affected areas while boosting transport costs.
stlpr.orgAmy MayerMar 27, 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.
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.
