# Mississippi River to lower as harvests… | PB Commercial

> PB Commercial reports that the Mississippi at Memphis is forecast to fall below zero as harvest begins, based on NOAA forecasts showing minus 3.2 feet by August 27. The article recalls record lows of minus 11.5 feet in October 2023 and notes the river carries much of the nation's grain and fertilizer exports. Extension economists advise farmers to manage basis risk.

- Date: 2024-08-14 · published 2024-08-14T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/16520-mississippi-river-to-lower-as-harvests-pb-commercial
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expected low water raises barge freight and weakens cash basis for soybeans and corn, which reduces returns for farmers selling at harvest.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- BARGE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-10-16 | [As Harvest Ramps Up, the Lower Mississippi River Is Falling Again](https://feedsoft.ai/events/16504-as-harvest-ramps-up-the-lower-mississippi-river-is-falling-again.md) | +0.1% | +1.3% |
| SOY | 2024-09-10 | [Lower Mississippi River Water Levels Falling Just as Fall Harvest Begins](https://feedsoft.ai/events/16510-lower-mississippi-river-water-levels-falling-just-as-fall-harvest-begins.md) | +0.5% | +3.4% |
| SOY | 2017-01-03 | [Lower Mississippi River closure \| GAC](https://feedsoft.ai/events/73172-lower-mississippi-river-closure-gac.md) | 0.0% | +2.8% |
| SOY | 2025-09-25 | [Low water levels return to Mississippi River as harvest season begins \| Feed & Grain](https://feedsoft.ai/events/16423-low-water-levels-return-to-mississippi-river-as-harvest-season-begins-feed-and.md) | +0.4% | +2.6% |
| SOY | 2024-08-20 | [Low Mississippi River levels expected  to amplify weaker basis at harvest time](https://feedsoft.ai/events/16518-low-mississippi-river-levels-expected-to-amplify-weaker-basis-at-harvest-time.md) | +0.4% | +5.2% |
| CORN | 2024-10-16 | [As Harvest Ramps Up, the Lower Mississippi River Is Falling Again](https://feedsoft.ai/events/16504-as-harvest-ramps-up-the-lower-mississippi-river-is-falling-again.md) | +2.5% | +3.9% |
| CORN | 2024-09-10 | [Lower Mississippi River Water Levels Falling Just as Fall Harvest Begins](https://feedsoft.ai/events/16510-lower-mississippi-river-water-levels-falling-just-as-fall-harvest-begins.md) | +4.0% | +5.3% |
| CORN | 2017-01-03 | [Lower Mississippi River closure \| GAC](https://feedsoft.ai/events/73172-lower-mississippi-river-closure-gac.md) | +3.0% | +3.8% |

## Sources

- pbcommercial.com: https://www.pbcommercial.com/river-to-lower-as-harvests-kick-off/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.