Loading…
American Waterways Operators says aging lock-and-dam systems on the Mississippi and Illinois rivers are making U.S. farm exports less price-competitive. Locks are the same size while towboats have grown, roughly doubling transit times.
Slower river transit raises export logistics costs, which can weaken U.S. basis relative to competitors such as Brazil over time.
southeastagnet.comDanNov 1, 2017Not enough comparable past events yet for a historical read.
After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.
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.
