# Corn basis following Mississippi River levels downward

> Corn basis is weakening along with falling Mississippi River levels, with the river at Memphis at minus 4.1 feet and projected to drop to minus 5 feet by Sept. 10. The Climate Prediction Center 8-14 day outlook points to below-normal rainfall across much of the basin.

- Date: 2023-08-30 · published 2023-08-30T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/12852-corn-basis-following-mississippi-river-levels-downward
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Low river levels push up barge rates, which pressures local corn cash bids relative to futures and can slow movement to Gulf export positions during harvest.

## Read by commodity

- CORN: bearish ▼
- BARGE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-01-27 | [Low water levels slowing grain flow down Mississippi River - Brownfield Ag News](https://feedsoft.ai/events/16391-low-water-levels-slowing-grain-flow-down-mississippi-river-brownfield-ag-news.md) | -0.7% | -0.4% |
| CORN | 2022-11-07 | [Mississippi River's Low Levels Causing Barge Traffic Issues](https://feedsoft.ai/events/10337-mississippi-river-s-low-levels-causing-barge-traffic-issues.md) | -0.7% | -5.4% |
| CORN | 2026-06-01 | [Low Mississippi River Water Levels Raise Shipping Costs for Farmers](https://feedsoft.ai/events/16363-low-mississippi-river-water-levels-raise-shipping-costs-for-farmers.md) | -5.0% | -5.7% |
| CORN | 2022-11-15 | [Low Mississippi River water levels drive up shipping costs - Marketplace](https://feedsoft.ai/events/38859-low-mississippi-river-water-levels-drive-up-shipping-costs-marketplace.md) | -1.3% | -5.1% |
| CORN | 2022-01-27 | [Low Mississippi River water levels impact river users](https://feedsoft.ai/events/16735-low-mississippi-river-water-levels-impact-river-users.md) | +1.7% | +10.2% |

## Sources

- uaex.uada.edu: https://www.uaex.uada.edu/media-resources/news/2023/august/08-30-2023-ark-low-mississippi-river-basis.aspx

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.