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The US Army Corps of Engineers Memphis District's dredge Hurley finished its longest and most productive season on record, removing 14.5 million cubic yards over 273 days. The 2022 drought drove record-low Mississippi River levels, including a -10.76 foot reading at Memphis on October 17, 2022.
Dredging was needed at 28 locations, 12 of them added due to low water.
Dredging keeps the channel open so barges can move grain during low-water periods. Reliable channel maintenance reduces the risk of future freight disruptions.
waterwayscouncil.orgWaterways CouncilMar 23, 2023Not enough comparable past events yet for a historical read.
After 1,054 past logistics events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.5%), and -0.0% over 20.
After 837 past logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.5% to +2.0%), and +0.6% 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.
