Flood Waters Continue to Stop Barge Traffic on Upper Mississippi

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.

• Apr 28, 2023Barge traffic stopped on upper Mississippi | wqad.com+0.5%
• Apr 27, 2023Flooding on Upper Mississippi River to halt barge traffic for weeks, USDA says-0.9%
• Apr 24, 2023Swollen Upper Mississippi River Stalls Barge Traffic-0.7%
• Jul 16, 2019Record Flood-Stage Days Stymie Mississippi River Barge Traffic-2.3%
• Sep 29, 2022Low water on the Mississippi River impacting barge traffic | AP News+1.7%

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.

• Apr 28, 2023Barge traffic stopped on upper Mississippi | wqad.com+1.5%
• Apr 27, 2023Flooding on Upper Mississippi River to halt barge traffic for weeks, USDA says+0.8%
• Apr 24, 2023Swollen Upper Mississippi River Stalls Barge Traffic-2.6%
• Jul 16, 2019Record Flood-Stage Days Stymie Mississippi River Barge Traffic-1.5%
• Oct 10, 2022Mississippi River reopens to barge traffic after low water closures - U.S. Coast Guard | Reuters+1.2%

Not enough comparable past events yet for a historical read.