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The US Army Corps of Engineers reported that lock and dams near Winona, Minnesota, handled more traffic in 2016, with lockages above the 10-year average. Commodity tonnage reached 14-year highs at locks 5, 5A, 6 and 7.
The Corps noted that navigation statistics vary with weather, river flow and the length of the open season.
Higher Upper Mississippi barge tonnage signals strong grain shipping demand and healthy river logistics for Midwest origins. Smooth river movement generally supports basis and barge freight stability.
winonadailynews.comGlen Olson Daily NewsJan 12, 2017Not enough comparable past events yet for a historical read.
After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% 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.
