
Mississippi River water levels fell again this fall, marking a third straight year of critically low conditions during harvest. The Coast Guard has imposed draft limits of 10'6 to 11 feet and six-barge width restrictions from Cairo, Illinois to the Gulf, restricting barge loading since September.
Persistent draft limits reduce grain tonnage per barge during peak export season, raising shipping costs and pressuring Gulf basis and farm prices.
After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.
After 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% 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.