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Mississippi River levels have recovered from last fall's lows after rains and snowmelt, and the St. Louis District reports levels above average. Officials warn that the forecast calls for falling levels without major rain or snowmelt, and that the Upper Mississippi has little snowpack.
Restored river depth supports barge loadings and lowers transport costs, which narrows the discount for interior grain. Low snowpack and falling forecasts keep the risk of renewed draft limits.
waterwayscouncil.orgFeb 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.
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.
