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The Mississippi River has fallen to record low levels near Clearwater, Minnesota, amid severe drought across most of the state. Newly exposed sandbars are causing problems for larger vessels on the waterway.
Record-low water on the upper river restricts barge loading and raises freight costs for grain moving south, adding to upward pressure on transport costs for Midwest grain.
patriotnewsmn.comPenny LeuthardAug 5, 2021Not 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.
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.
