A University of Arkansas study by James Mitchell and Hunter Biram estimates that record low Lower Mississippi River levels in 2022 reduced the value of Arkansas's soybean crop by up to $293 million. Draft restrictions and smaller barge tows cut the volume of grain moving to New Orleans.
Low river levels raise barge costs and widen basis, which lowers the price farmers receive for soybeans. The study quantifies how much river logistics can depress regional soybean values.
After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% 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.