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World Grain reports that Louis Dreyfus Co. completed a Mississippi River logistics network, including an 80,000-bushel truck-to-barge loading facility in West Memphis, Arkansas. The terminal is operating and moves corn and soybeans toward Mississippi Delta export facilities.
Added truck-to-barge capacity improves grain origination and export logistics on the Mississippi, which can narrow basis differences among interior origins. The impact on prices is limited.
world-grain.comHolly Demaree-SaddlerApr 7, 2017Not enough comparable past events yet for a historical read.
After 1,982 past trade events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +1.6%), and +0.4% over 20.
After 1,802 past trade events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.7%), and +0.7% 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.
