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An Optiver paper dated March 19, 2025 examines the role of market makers in agricultural futures during the Mississippi River's low-water episode. It states that persistent drought since 2021 pushed river levels to record lows, disrupting barge transport that carries over 60% of US grain exports.
Barge disruption widens cash-futures spreads and depresses interior cash prices, while futures markets help manage that price risk.
optiver.comMar 19, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
