
The Army Corps of Engineers may open the Morganza Spillway as early as Monday to relieve pressure on levees near Baton Rouge. The plan would open 14 bays, fewer than the 17 opened in 2011.
Communities are preparing, including plans to sink a barge at Bayou Chene to limit backwater flooding.
Spillway operations divert floodwater and can disrupt river and barge traffic in south Louisiana, which can affect Gulf grain shipments and freight rates.
Not enough comparable past events yet for a historical read.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% 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.