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Rising water on the Mississippi River has forced some river elevators to suspend barge loadings, with National Weather Service projections showing moderate to major flood levels between Quad Cities and St. Louis. Closure of ADM's loading facility at Ama, Louisiana after an accident will shift vessel loadings to three other Louisiana facilities.
Slower barge loadings constrain the flow of corn and soybeans to the Gulf, but light Gulf demand limits near-term supply shortages, so the price effect is modest and mainly affects basis and freight.
feedstuffs.comBob Burgdorfer 1May 30, 2017After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.
After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% over 20.
Not 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.
