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Soy Transportation Coalition's Mike Steenhoek warns that 2026 could bring a fifth consecutive year of low water on the Mississippi River. Fall months are key for soybean and grain barge shipments, and river levels are rebounding in some areas but could fall back.
Lower water forces barge operators to cut tonnage per barge or reduce barges per tow, raising costs.
Rising barge costs and reduced tonnage widen basis and can pressure Gulf export competitiveness for soybeans and corn.
Not enough comparable past events yet for a historical read.
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.