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The Army Corps of Engineers expects Missouri River flows to stay at minimal levels this year, which will shorten the navigation season by a week or two. Shutdowns of Missouri flows also affect lower Mississippi navigation between St. Louis and the Ohio confluence.
A shorter Missouri navigation season reduces barge capacity for fertilizer and grain movements in the Plains and Midwest, which can widen basis and freight costs for feed buyers in the interior.
brownfieldagnews.comCarah HartFeb 13, 2023Not enough comparable past events yet for a historical read.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% 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.
