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USDA's latest Grain Transportation report said sub-zero cold this month has left ice slowing barge operations on the Mississippi River. Water levels on the lower river are just above the low threshold, and warmer weather is expected to melt some of the ice.
Ice-related slowdowns and near-threshold water levels constrain barge capacity and push up freight costs for grain moving to Gulf export terminals. A thaw would ease these constraints.
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.