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Kentucky State Climatologist Jerald Brotzge said the Mississippi Basin drought was among the most severe since 1988, with record low river levels at some points. Low water had slowed or halted barge traffic in places.
NOAA's winter outlook called for a continued La Niña with near-normal temperature and precipitation odds.
Low river levels raise barge freight and can strand grain and fertilizer shipments, which supports export basis and input costs. Uncertain winter rainfall leaves the freight risk unresolved.
kyfb.comJan 4, 2023Not enough comparable past events yet for a historical read.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.
