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Commercial traffic on the Mississippi River near Dubuque, Iowa and Illinois was halted after cracks were found in a miter gate at Lock and Dam No. 11. Temporary repairs were expected to take a couple of days, and the closure came less than two weeks after the river opened for the season.
Closing the lock blocks barge movement of grain upriver and delays shipments, which can widen Gulf-to-interior basis and raise barge freight costs while the closure lasts.
professionalmariner.comProfessional Mariner StaffApr 25, 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.
