
The U.S. Coast Guard reopened the Mississippi River to barge traffic after low-water closures had halted shipments. A vessel queue had grown to over 100 tow boats and at least 2,000 barges, pushing freight rates and grain barge premiums to historic highs.
Draft restrictions and limits on barges per tow remained in place.
Reopening eases the bottleneck for corn, soybeans and wheat moving to Gulf export terminals, but restrictions keep capacity tight and freight costs elevated, supporting higher delivered feed grain costs in the interior.
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.
After 297 past bearish logistics events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% over 20.
After 137 past bearish logistics events, WHEAT moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.0%), and +0.0% 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.