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A southbound tow with nine barges struck an unknown obstacle near Bettendorf and Davenport, and one barge began taking on water. The barges carry wheat, the pumps are keeping up, and the vessel will continue to St. Louis for permanent repair, with no pollution or injuries reported.
The incident is minor, with no river closure, but brief delays to wheat barge movements could slightly tighten short-term logistics on the Upper Mississippi.
kwqc.comKWQC StaffMar 22, 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.
