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Mississippi River water levels have risen from historic fall 2022 lows, allowing barge traffic to move more freely. The Soy Transportation Coalition says tonnage has not yet returned to pre-drought levels and infrastructure shortcomings remain.
Recovering river levels reduce barge bottlenecks that had widened Gulf and interior basis, but lagging tonnage keeps freight costs and logistics risk elevated for grain and meal shipments.
dredgewire.comLisa ParkerFeb 6, 2023Not enough comparable past events yet for a historical read.
After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% 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.
