
Mississippi River levels at St. Louis and Memphis are running above last year's levels, but forecasts of dry weather could push them lower. The article warns that low water could hurt grain prices at harvest if precipitation does not improve.
A forecast drop in river levels would raise barge costs and widen basis for Midwest grain, which could pressure local cash prices during harvest.
After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% over 20.
After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% 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.