
Mississippi River shipping may return to normal by spring after improved snowpack and precipitation, according to Soy Transportation Coalition executive director Mike Steenhoek. Memphis gauge readings have swung about 20 feet since last fall, and the Corps has been dredging around the clock since July.
Rising river levels reduce barge restrictions and freight costs, which supports southbound grain basis and lowers input delivery costs. Recovery takes time, so traffic normalization will be gradual.
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.
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.
Not 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.