Loading…
Barge traffic on the Mississippi is slowed by lower water levels tied to regional drought. The Corps reports more groundings near Wacouta than in the past 10 to 15 years, and only one barge can pass that area in either direction at a time.
Slower barge movement raises freight costs and can delay grain loadings to the Gulf, which may pressure upper Midwest cash bids and support barge rates.
voiceofalexandria.comLearfield Wire ServicesJun 23, 2021Not enough comparable past events yet for a historical read.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% 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.
