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DTN reports flooding on the Ohio River has cut maximum barge tows to 12 from 15 and forced daylight-only operations at several locks, while Smithland Lock is closed to barge traffic. Upper Mississippi sections near St. Paul remain closed for winter with ice cover.
Reduced tow sizes and lock closures raise barge freight costs and slow grain movement from the Midwest to the Gulf, which can widen basis and weigh on local cash bids.
dtnpf.comMary KennedyFeb 25, 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.
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.
