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Mississippi River water levels have risen from a year earlier but remain on the low end of normal for this time of year. Soy Transportation Coalition director Mike Steenhoek warns that a short dry spell could push levels back to historic lows, which would impede barge movement.
Any renewed drought would restrict barge capacity and lift freight costs, which would pressure soybean and grain basis and widen the spread for feed buyers in the interior.
rrfn.comDon WickApr 15, 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.
