
AFBF economist Daniel Munch reports that nearly half of U.S. corn and soybean exports move through the Mississippi River system. The article cites an average of 65 million metric tons of bulk ag products moved by barge to New Orleans over the past five years.
Low river levels for a fourth year are forcing lighter barge loads and higher transport costs.
Lighter loads and higher barge costs cut the net price of exported grain and weaken U.S. competitiveness. Harvest-time congestion adds pressure on farm-gate prices.
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.