Ida, Nicholas Temporarily Halt Grain Exports From Lower Mississippi River

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.

• Oct 21, 2022Low Water And Mississippi River Drafts - The Waterways Journal-0.9%
• Sep 4, 2024Low water levels on the Mississippi River impact barges and grain exports before harvest-1.4%
• Aug 25, 2023Low Water Continues For Middle Mississippi - The Waterways Journal-2.2%
• Sep 29, 2023Mississippi River Near Historic Lows, Grain Exports at Risk+1.9%
• Nov 4, 2022Grain deliveries halted at Mississippi River elevators | Western Livestock Journal-0.9%

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.

• Oct 21, 2022Low Water And Mississippi River Drafts - The Waterways Journal-0.7%
• Sep 4, 2024Low water levels on the Mississippi River impact barges and grain exports before harvest-2.0%
• Aug 25, 2023Low Water Continues For Middle Mississippi - The Waterways Journal-0.4%
• Sep 29, 2023Mississippi River Near Historic Lows, Grain Exports at Risk-1.5%
• Nov 4, 2022Grain deliveries halted at Mississippi River elevators | Western Livestock Journal+0.3%

Not enough comparable past events yet for a historical read.