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The US Maritime Administration granted funding for a demonstration marine highway on the Illinois River between St. Louis and Chicago. A container-on-barge service along the Mississippi from New Orleans to Minneapolis and Chicago is also planned.
Granite City, Illinois, is designated as a key connection point for exporting Midwestern commodities.
Container barge service could add an inland export route that competes with rail for Midwest commodities. Its price effect would be minor and gradual.
chronicleillinois.comJudy HarveyJan 3, 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.
