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Illinois State Climatologist Trent Ford says river levels are not approaching problematic levels heading into harvest, unlike recent dry years. Heavy rain in the Missouri, Illinois and Ohio basins should keep barge traffic running even if conditions turn dry for a month.
About half of U.S. corn, soybean and wheat exports move through the Mississippi.
Adequate river levels keep barge freight costs contained, which supports normal Gulf basis for grain exports.
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.