
Low water on the Mississippi at Cape Girardeau has fallen below 9 feet, under the Army Corps target level. Port officials said barges will have to be light-loaded, raising shipping cost per unit of product.
Light-loading barges cuts tonnage per trip and lifts freight costs, which widens basis for grain shipped from upriver origins.
Not enough comparable past events yet for a historical read.
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, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% 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.