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Water levels on the mid-Mississippi and Illinois Rivers are in a good position going into May after recent swings. River levels had risen to flood stage in some areas in late April, briefly shutting some barge ports.
Merchandisers expect rivers to sustain levels a foot or two higher than the past couple of years.
Stable river levels keep barge capacity available and freight rates lower, easing interior basis pressure on corn and soybeans. Lower barge costs also support grain movement economics.
977wmoi.comKailey FosterMay 4, 2026Not 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.
