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Historically low levels on the lower Mississippi, the fourth straight year of such conditions, have led to barge draft and tow restrictions south of St. Louis. Drought across the Ohio and lower Mississippi basins has reduced cargo movement, and the Army Corps says the upper river remains fully open.
Smaller tows and more trips raise freight costs on the lower river, which are passed back to farmers and can weaken export competitiveness for US grain.
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.