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Historically low Mississippi River levels have cut barge traffic by almost half, with one large operator running about 25 boats instead of 46 to 50. The river carries a significant share of US wheat, corn and soybean exports.
Reduced barge capacity raises freight costs and slows export flows, which increases the cost of US grain delivered to buyers and can weigh on farm-gate prices.
morethanshipping.comNikki AlmondNov 7, 2022Not 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, Soybeans 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.
