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GROWMARK and COFCO International signed a grain partnership that includes joint ownership of a barge, truck and rail terminal at Cahokia, Illinois, plus a grain origination agreement. The facility has rail loops, truck lanes and two barge loading belts, and the partners say it will link Midwest growers directly to China.
A direct origination link to China's main soybean importer can add export capacity and firm demand for US soybeans. The effect on prices is incremental, since the terminal's volume is small relative to total US exports.
agwired.comAug 21, 2017After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), 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.
