
A study by Mitchell and Biram finds low Mississippi River levels at Memphis raised transport costs and barge freight rates for Arkansas crops. Arkansas soybeans lost as much as 58 cents per bushel depending on farm location.
The Memphis gauge was at minus 12 feet at the time of reporting.
Losses of up to 58 cents per bushel show how river drought erodes farm-gate soybean prices. Higher barge rates raise delivered costs for feed buyers in the Mid-South.
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.