
At the Grain and Feed Association of Illinois convention in St. Louis, attendees discussed low Mississippi River levels and river closures after cold weather froze the river. Some terminals faced long barge lines and accepted only one crop at a time, while rain in southern Illinois and Missouri was expected to lift river levels.
Barge loading delays and crop-by-crop acceptance limits slow grain movement to export and processing, which keeps local basis and freight costs elevated until river levels recover.
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.