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The Port of New Orleans and the St. Louis Regional Freightway signed a memorandum of understanding to coordinate efforts to grow cargo shipments on the Mississippi River. The agreement focuses on container-on-barge shipping, operational information sharing and joint marketing.
The deal targets container barge growth rather than bulk grain, so its direct impact on feed grain freight and prices is minimal.
stlpr.orgSt. Louis Public RadioFeb 24, 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.
