
The Army Corps of Engineers reported the Mississippi River at St. Louis fell more than 22 feet between late July and late September, and was about 90% below its average stage since 2019. An American Farm Bureau economist says barge rates have climbed and that corn, soybean and wheat exports are seeing higher costs.
Severe river shortfalls push barge freight higher and limit barge loads, which widens interior basis and raises the cost of moving US grain and fertilizer to export and feed markets.
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.