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A panel at the NAFB Summer Agri-Business Meeting in St. Louis discussed the importance of inland waterways to global agriculture. Dennis Wilmsmeyer of America's Central Port said prolonged low water on the Mississippi had left a share of barge loads on the dock, cutting volumes and profits.
Low river levels force partial barge loads, raising effective freight costs and reducing grain movement, which can widen basis and weigh on Gulf and river-origin prices.
oklahomafarmreport.comAimee CarlisleJul 23, 2024Not enough comparable past events yet for a historical read.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.
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.
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.
