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A Government Accountability Office review of 13 Mississippi River ports found that they mainly handle corn, soybeans, rice, petroleum and crude materials. Funding shortfalls left the Corps of Engineers about $7.5 million short of the $20.6 million needed to fully dredge the ports' harbors in fiscal 2016.
Dredging shortfalls can restrict draft and freight movement at key grain export ports, which could raise handling costs over time. The effect on prices is likely gradual.
apps.dtic.milFleming, Susan A, Silas, Sharon, Huggins, Crystal, Abramowitz, Amy, Edwards, AlexandraJul 1, 2017Not enough comparable past events yet for a historical read.
After 3,207 past report events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, SOY moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% 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.
