Relief still far off for low Mississippi River, hindering barge movement

Not 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.

• Jul 1, 2019Barge movement resumes on Mississippi, but remains sluggish - FreightWaves+1.3%
• Oct 20, 2023Mississippi barge rates dropping despite little improvement in river levels - FreightWaves-0.6%
• Oct 6, 2017Report: Barge rates skyrocket amid Ohio, Mississippi river closures - FreightWaves-0.4%
• Oct 24, 2024Low Mississippi River levels during harvest cut profits for farmers, freighters-1.3%
• Apr 4, 2019Barge Movement is Still a Mess | Red River Farm Network-1.1%

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.

• Jul 1, 2019Barge movement resumes on Mississippi, but remains sluggish - FreightWaves-2.7%
• Oct 20, 2023Mississippi barge rates dropping despite little improvement in river levels - FreightWaves-2.7%
• Oct 24, 2024Low Mississippi River levels during harvest cut profits for farmers, freighters-2.1%
• Oct 1, 2025Low Mississippi River Levels Pressure Grain Barge Movement - RFD-TV+2.0%
• Sep 30, 2017Low Water, Lock Repairs Send Mississippi River Freights Soaring+0.4%