
Low water on the Mississippi River is slowing grain shipments, according to an south central Illinois farmer who hauls corn and soybeans to the St. Louis area. He reports long delays at Metro East terminals, where barges are going aground when loaded to draft, and facilities shifting to single commodities.
He says the problem is recurring.
Shallow draft limits barge loads and delays deliveries, which widens the gap between interior and Gulf export prices and weighs on cash bids for corn and soybeans in the Illinois region.
After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.
After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% over 20.
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.