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The Coast Guard said a roughly five-mile stretch of the Mississippi River near St. Louis would close to vessel traffic once waters exceed 38 feet. The closure would halt barge shipments of grain and fertilizer.
A closure at St. Louis would strand barge grain and fertilizer shipments, lifting barge freight rates and tightening local supply of feed grains while the closure lasts.
feedstuffs.comBob Burgdorfer 1May 9, 2017After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.
After 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% 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.
