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US Army Corps of Engineers dredge crews are working around the clock on the Mississippi River to keep shallow sections open amid a continuing drought in the central US. Barge operators say they are about 35 percent less efficient at the current river stage than under normal conditions.
Drought-driven low water sharply cuts barge loading and throughput, raising freight rates and reducing Gulf export competitiveness for grain. This tightens logistics for feed grains and supports higher barge freight costs.
yingyuke.netJan 14, 2019Not enough comparable past events yet for a historical read.
After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.
After 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% 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.
