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DredgeWire reports that the Mississippi River Commission held its annual town hall and said its budget is tight, with funding for only six of the ten Memphis District harbors. Hickman, Kentucky port officials cited a sandbar island that has grown about 350 feet over 20 years and is slowing river traffic.
Reduced dredging funding can restrict barge access at some river ports, adding delays and cost for grain shipments. The effect is local and modest for national prices.
dredgewire.comLisa ParkerApr 6, 2017Not enough comparable past events yet for a historical read.
After 1,054 past logistics events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.5%), and -0.0% over 20.
After 837 past logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.5% to +2.0%), and +0.6% over 20.
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.
