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The Port of South Louisiana handled 224.7 million short tons through the third quarter of 2018, slightly below 2017's pace. Port officials expect grain shipments to rise in the fourth quarter and project more than 300 million tons for the year.
Officials also cited $25 billion in announced projects in the port district.
Strong fourth-quarter grain loadings at Gulf ports support export demand and barge utilization. Throughput figures give a sense of export flow but do not signal a sharp price move on their own.
bizneworleans.comWilliam KalecDec 20, 2018Not 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.
