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SIMCO, owned by Greg Dolbeare, is developing a 65-acre site in Pike County, Illinois, for a grain elevator and barge-loading terminal on the Mississippi after receiving final permits. The planned facility will have six 200,000-bushel silos and total capacity of 1.2 million bushels, mostly corn and soybeans.
New barge-loading capacity adds handling options for Illinois grain, but at this stage it is a small, long-term infrastructure development with negligible near-term price impact.
waterwaysjournal.netDavid MurrayApr 23, 2018After 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.
Not enough comparable past events yet for a historical read.
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.
