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Mississippi River levels are near historic lows for the second straight year, with drought across much of the basin slowing shipping and raising costs for barge companies and grain elevators. Shipping firms are adapting operations as low water becomes more frequent.
Persistent low water raises barge and elevator costs throughout the grain supply chain, which can widen interior basis and reduce farm-gate prices during harvest.
dtnpf.comKeely Brewer, The Daily MemphianSep 28, 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.
After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% 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.
