Loading…
Lock No. 52 on the Mississippi River in southern Illinois is described as the busiest spot on the US inland waterways, with aging infrastructure. Coal, fuel and other goods worth over $22 billion move through it each year.
Aging lock capacity risks delays for barge shipments of corn, soybeans and other grains, which can widen Gulf basis and raise barge freight costs.
nytimes.comNov 23, 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.
