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Drought-driven low water and winter freezing on the Mississippi and Ohio rivers reduced barge draft capacity. Freight costs to New Orleans export markets rose and pushed some trade to other routes, with St. Louis water levels falling below the low threshold in early February.
Higher freight costs lower interior cash bids relative to world export values, widening the basis for farmers and feed buyers. Restricted draft tightens capacity across both rail and barge.
ofimagazine.comQuartz Business MediaFeb 11, 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.
