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The US Department of Transportation announced six Marine Highway Grants, five aimed at container-on-barge services on the Mississippi. Grants include $713,000 for America's Central Port and $96,000 for the Port of St. Louis to work with shippers such as Walmart and Target.
The grants aim to expand containerized river freight over the long term, but their near-term effect on grain prices or barge rates is minimal.
stlpr.orgSt. Louis Public RadioDec 5, 2016Not 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, SOY 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.
