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Extreme cold caused the Illinois River and parts of the Ohio River to ice over, with barge traffic on the Illinois nearly stopped. The USACE closed Lock 52 on the lower Ohio to raise wickets, and operators reported conditions would worsen under the 10-day forecast.
Halted barge movements force grain onto costlier rail or leave it in storage, widening basis and pressuring farm bids. Export delays also weaken near-term Gulf demand for U.S. corn and soybeans.
dtnpf.comMary KennedyJan 8, 2018Not enough comparable past events yet for a historical read.
After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% 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.
