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The U.S. Army Corps of Engineers St. Paul District said it is monitoring low water on the Upper Mississippi River amid drought in Minnesota, Wisconsin and Iowa. The Corps said the low water is not currently affecting shipping and navigation continues.
Navigation is still open, so barge rates are not yet under pressure, but drought-driven low water is a risk to the autumn corn and soybean barge program.
mvp.usace.army.milJul 21, 2021Not 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.
