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The Army Corps of Engineers raised navigation flow support slightly on the Missouri River and shortened the navigation season by three days after July 1 storage measurements. June runoff above Sioux City was 94% of average, and the 2022 forecast is 78% of average despite improvement.
Lower river support and drought-limited flows raise the risk of barge constraints on the Missouri later in the season, which can lift barge freight and Midwest grain basis costs.
waterwaysjournal.netJohn ShoulbergJul 8, 2022Not enough comparable past events yet for a historical read.
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.
