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The US Coast Guard closed a portion of the Upper Mississippi River near St. Louis to all vessel traffic, between mile markers 184.5 and 179 near the MacArthur Bridge, due to high water and fast currents. Officials described the flooding as comparable to the December 2015 event and said restrictions will be re-evaluated as conditions improve.
Barge traffic on the Upper Mississippi is halted at St. Louis, a key grain loading hub, which backs up grain shipments and likely widens barge freight costs and basis for corn, soybeans and DDGS until the river reopens.
ibjonline.comMay 3, 2017Not enough comparable past events yet for a historical read.
After 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.
