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Low water and lock and dam repairs are slowing barge traffic on the Mississippi system and widening basis levels. Locks and Dam 53 on the Ohio River was shut for about 24 hours to repair a hydraulic system, following the mid-September closure of nearby Locks and Dam 52.
Repeated lock closures during harvest limit how much grain can move to Gulf export terminals, raising freight costs and reducing farm-gate prices for soybeans and corn.
brownfieldagnews.comadminOct 3, 2017Not 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.
