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A Columbia Missourian article explains that the Missouri River basin remains in drought and that La Niña conditions are expected to persist for a third year. Reduced water levels threaten barge traffic on the river.
A third La Niña winter raises drought risk for Plains crops and can restrict Missouri River barge navigation, supporting freight costs and grain basis.
columbiamissourian.comJohn BelfonteJul 8, 2022Not enough comparable past events yet for a historical read.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% 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.
