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An industry commentary reports that US inland waterway operations have returned closer to normal since last fall's low water. Mississippi gauge readings at Memphis on March 12, 2023 were 27.86 ft, below 2022's 30.65 ft on the same date.
The piece recaps the 2022 low-water crisis that hit harvest shipments.
Improved river conditions support normal barge capacity and grain movement, reducing the freight premium and basis weakness seen during last fall's low-water disruption.
soygrowers.comJordan BrightMay 12, 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.
