Flooding Impacts Upper Mississippi Barge Traffic, as “Corn Hit its Lowest in Nine Months”

Not 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.

• Sep 29, 2022Low water on the Mississippi River impacting barge traffic | AP News+1.7%
• May 1, 2023Flood Waters Continue to Stop Barge Traffic on Upper Mississippi+0.3%
• Apr 27, 2023Flooding on Upper Mississippi River to halt barge traffic for weeks, USDA says-0.9%
• Apr 28, 2023Barge traffic stopped on upper Mississippi | wqad.com+0.5%
• Mar 2, 2018Flood waters impacting barge traffic - Brownfield Ag News+1.2%

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.

• May 1, 2023Flood Waters Continue to Stop Barge Traffic on Upper Mississippi+1.7%
• Apr 27, 2023Flooding on Upper Mississippi River to halt barge traffic for weeks, USDA says+0.8%
• Apr 28, 2023Barge traffic stopped on upper Mississippi | wqad.com+1.5%
• Mar 2, 2018Flood waters impacting barge traffic - Brownfield Ag News-0.4%
• Oct 6, 2022Barges grounded by low water halt Mississippi River traffic | AP News+1.9%

After 49 past bullish logistics events, Urea moved a median -0.3% over 5 sessions (45% higher; middle half -1.3% to +2.2%), and -0.4% over 20.

• Apr 27, 2023Flooding on Upper Mississippi River to halt barge traffic for weeks, USDA says+3.6%
• Apr 19, 2023Barge operations to stop as Mississippi rises increasing costs to farmers+2.3%
• Dec 22, 2022Mississippi and Ohio Rivers Hit Rock Bottom in Fall 2022-1.7%
• Oct 7, 2022Grain Shippers Slowed by Mississippi River Drought Also Race Against Winter - Bloomberg-1.2%
• Jul 10, 2023Delayed container shipments affecting grain industry more than West Coast port strike | Country 600 CJWW+4.1%