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Several grain elevators along the lower Ohio River stopped loading barges because rising water prevented vessels from fitting under grain spouts. Traders said loading and movement could also halt on the Mississippi from Cairo south.
Halted loading cuts barge capacity during peak demand and raises freight rates for Midwest grain. Delays can widen cash basis at affected river elevators.
marinelink.comJoseph KeefeFeb 23, 2018
reuters.comKarl PlumeFeb 23, 2018After 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.
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.
