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Water levels on the lower Mississippi at Memphis rose to about 0.47 feet after rain, easing barge restrictions after recording near-record lows in October. The Coast Guard reported no barge backups at Memphis that week.
Levels between St. Louis and Cairo still pose problems, so movement has not returned to normal.
Higher river levels allow fuller barge loads, which should lower freight rates and ease pressure on Gulf export basis. The gains are partial while the stretch from St. Louis to Cairo stays constrained.
freightwaves.comJohn KingstonDec 6, 2022Not enough comparable past events yet for a historical read.
After 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% 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.
