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Rising water has forced some river elevators to suspend barge loadings on the Mississippi, with moderate to major flood levels forecast from Quad Cities to St. Louis. ADM's Ama, Louisiana loading facility closure after an accident will shift loadings to other Louisiana plants.
Barge suspensions and reduced capacity raise logistics costs, but weak Gulf demand for corn and soybeans limits the price impact on the feed grain complex.
farmprogress.comBob Burgdorfer Senior Editor, Farm FuturesMay 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.
