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America's Central Port in Granite City, Illinois, received a $713,000 US Department of Transportation grant for a demonstration project. The project aims to load grain and soybeans into containers on Mississippi and Illinois river barges, with a $200,000 match.
The project is small and experimental, so it has little near-term effect on grain flows or prices, though it points to a possible growth in containerized grain barge exports.
bnd.comBellevilleDec 8, 2016After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.
After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), 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.
