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The Memphis District of the Corps of Engineers has scheduled annual dredging of the New Madrid County Port Authority slack water harbor, from September 8 for 12 days. The city of New Madrid's harbor will be dredged from August 27 through September 7.
The port handles about 800,000 tons of product a year, mostly agricultural.
Routine maintenance dredging temporarily affects capacity at a small Mississippi port. The impact on grain prices is minor because it is a scheduled, short-term work plan.
standard-democrat.comJill BockAug 10, 2017Not enough comparable past events yet for a historical read.
After 1,054 past logistics events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.5%), and -0.0% over 20.
After 837 past logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.5% to +2.0%), and +0.6% 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.
