
Water levels on the Ohio and Mississippi rivers are likely to reach critically low stages, forcing shippers to light-load harvest barges for a fourth year. Cairo is already below its low threshold and Memphis is projected to fall below it by Tuesday.
Rain provided only a brief reprieve.
Light-loading and reduced barge capacity during harvest raise freight costs and slow Gulf grain movement, pressuring Interior cash bids.
Not enough comparable past events yet for a historical read.
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.
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.