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An Iowa Farm Bureau analysis reviews Mississippi River gauge readings and background on the drought that began in 2022. The USACE declared the basin drought over on February 2, 2024, and low-water conditions returned in June 2023.
The river carries about 589 million tons of cargo a year on 4,267 miles of navigable channels.
Recurring low water has repeatedly disrupted barge capacity, so renewed low-water risk can raise river freight costs and widen interior basis for grain and feed ingredients. Current readings show conditions have recovered for now.
iowafarmbureau.comSpence Parkinson, Decision Innovation Solutions, on behalf of Iowa Farm Bureau.May 1, 2024Not 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.
