Loading…
University of Minnesota grain economist Ed Usset says Mississippi flooding is having a limited impact on grain movement because export demand is not strong and the river situation is better than last fall. He expects the flooding to pass and suspects a modest effect on Mississippi basis prices.
Limited export urgency and a temporary flood-driven delay suggest only modest basis weakness, so the price effect on feed grains is likely small.
brownfieldagnews.comMark DorenkampMay 3, 2023Not enough comparable past events yet for a historical read.
After 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.
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.
