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American Waterways Operators members heard National Weather Service forecasters explain how drought in 2022 and 2023 caused low flows and salt water intrusion near New Orleans. The Corps built and raised a sill near Mile 64 to block the saltwater wedge, and river flow has since exceeded the needed threshold.
The discussion is mostly a retrospective on past low-water episodes, and it offers little new information about near-term barge capacity or grain prices.
waterwaysjournal.netFrank McCormackMar 1, 2024Not enough comparable past events yet for a historical read.
After 2,467 past weather events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +1.7%), and +0.6% over 20.
After 1,964 past weather events, Soybeans moved a median +0.1% over 5 sessions (51% higher; middle half -1.7% to +1.8%), and +0.3% 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.
