Low Mississippi River puts Southern grain basis at risk

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.

• Sep 21, 2023Barge loads reduced as low water impacts Mississippi River | Feed & Grain-0.2%
• Sep 29, 2023Mississippi River Near Historic Lows, Grain Exports at Risk+1.9%
• Oct 2, 2020High Water Persists in Mississippi River System | Feed & Grain-1.1%
• Sep 25, 2025Low water levels return to Mississippi River as harvest season begins | Feed & Grain-2.5%
• Nov 3, 2025Mississippi River Decline Squeezes Grain Shipments and Basis Levels - RFD-0.7%

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.

• Oct 2, 2020River Woes Push Basis Lower | Feed & Grain+2.6%
• Sep 21, 2023Barge loads reduced as low water impacts Mississippi River | Feed & Grain-1.3%
• Sep 29, 2023Mississippi River Near Historic Lows, Grain Exports at Risk-1.5%
• Oct 2, 2020High Water Persists in Mississippi River System | Feed & Grain+2.6%
• Sep 25, 2025Low water levels return to Mississippi River as harvest season begins | Feed & Grain+0.4%

Not enough comparable past events yet for a historical read.