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The Soy Transportation Coalition said the upper Midwest needs another major rain event to lift Mississippi River levels, which are now lower than a year earlier. Barge companies are limiting cargo and tow sizes because the channel is shallower and narrower, and the Missouri River is supplying more of the flow at St. Louis.
Without a rain-driven rise, barge capacity stays constrained and transport economics stay expensive for grain moving south. That sustains freight costs and export basis pressure through the harvest-to-export period.
brownfieldagnews.comLarry LeeNov 21, 2023Not 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.
