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Iowa and Illinois corn growers and a US senator toured Lock and Dam 15 on the Mississippi, which is 80 years old. Officials said the lock needs upgrades and that lock capacity needs to double, and farmers want funding to arrive in time.
Aging locks that could fail would cause shipping delays and higher barge costs for the roughly 60% of exportable US corn and soybeans that move on the Mississippi. Such risks support barge freight rates and Midwest basis.
brownfieldagnews.comTom SteeverAug 4, 2017Not 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.
