
Traffic on the Mississippi was shut down between Chester and Cairo, Illinois, halting business at the Southeast Missouri Regional Port Authority. Grain sellers can still do limited business, and rail connections to Union Pacific and BNSF are also halted, with reopening hoped for May 9 or 10.
Stoppage at a regional port delays grain movements and storage turnover, adding to the logistics squeeze that widens basis and freight costs for feed grains in the region.
After 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.