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The Army Corps of Engineers has declared the severe Mississippi River drought over, with draft restrictions lifted and dredging halted. The Soy Transportation Coalition says the river failed to run at full capacity during the fall export season and that river gauges remain well below normal.
Lifted restrictions ease barge costs, but a shortfall in fall export capacity and fragile water levels could keep Gulf basis and freight volatile.
brownfieldagnews.comCarah HartFeb 28, 2024
workboat.comWorkBoatMar 1, 2024After 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.
After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% over 20.
Not 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.
