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The Mississippi River was reopened to restricted one-way traffic after a barge breakaway near Memphis closed a 21-mile section. The tow of 42 barges carrying corn or soybeans broke loose, with four grounded barges still awaiting lightering.
Temporary closure of a key grain corridor delays barge movements and can widen Gulf basis and freight costs until traffic normalizes.
marinelink.comNov 21, 2016Not enough comparable past events yet for a historical read.
After 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.
