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Soybean growers from several states toured inland waterway infrastructure, including repair work at Lock 15 in Rock Island, Illinois. Growers said 600-foot locks cause long delays of nearly two hours for barge untying and retying, and they want expansion.
Lock delays during peak season add shipping time and cost for soybean and corn movements, which can widen Midwest basis. Continued infrastructure concerns support higher barge freight costs over the long term.
brownfieldagnews.comLarry LeeAug 10, 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.
