Loading…
The Louisiana Maritime Authority reported a closure of the Lower Mississippi River at Algiers Point due to loss of visibility early on January 3. The closure disrupts vessel traffic on the river.
Lower Mississippi closures delay grain barge movements and can widen Gulf export basis and spot freight costs while the river is shut.
gac.comJan 3, 2017Not enough comparable past events yet for a historical read.
After 359 past bearish logistics events, CORN moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.
After 297 past bearish logistics events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), 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.
