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The Trump administration proposed lockage fees or tolls on barges to fund inland waterway lock-and-dam upgrades, including a $108 million annual user fee in the FY2018 budget. Industry groups say the fees would reduce prices paid to farmers at river terminals.
Barge tolls would raise freight costs for grain shipped on the Mississippi, Illinois and Ohio rivers, lowering farm-gate bids and widening export basis.
dtnpf.comChris ClaytonJun 9, 2017Not enough comparable past events yet for a historical read.
After 310 past bearish policy events, Corn moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% 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.
