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Southern Devall's river operations director describes near-historic low Mississippi levels for the second straight year, with drought across much of the basin. Low water is slowing shipping and raising costs for barge companies and grain elevators.
The article also covers how shipping firms are adapting to both record highs and lows.
Slower barge traffic and higher costs for grain elevators widen basis and raise freight expense for Midwest grain moving south. The disruption resembles 2022 and keeps freight costs elevated.
nprillinois.orgOct 6, 2023Not enough comparable past events yet for a historical read.
After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% 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.
