Loading…
The US Army Corps of Engineers St. Louis District is monitoring rising Mississippi and Illinois river levels after heavy upstream rain. Tows that normally move 45-60 barges are restricted to 25 barges at a 9-foot depth, and officials expect water to rise further but say significant disruptions are not expected yet.
Barge restrictions at St. Louis tighten river capacity during harvest-period shipping, supporting barge freight rates and raising transport costs for corn and soybean movements down the Mississippi.
wsiu.orgDeepak DarlaJun 27, 2024Not 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.
