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The US Army Corps of Engineers declared the severe drought over, and draft restrictions on the Mississippi have been lifted. Recent snow and rain in the watershed restored water levels, although gauges remain below 2018 to 2020 levels.
Lifted restrictions ease barge bottlenecks and lower freight costs, though dry soils mean conditions could deteriorate quickly if dry weather returns.
farmpolicynews.illinois.eduRyan HanrahanMar 5, 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.
