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A Feed & Grain commentary says recent Mississippi River trends point to future trouble, citing a historical flood and drought record. It notes the river at St. Louis can swing from flood flows to very low dry-season flows.
The piece links the river's condition to broader drought risk on the Great Plains.
Swings between flood and low water disrupt barge movements that move much of the US corn and soybean export volume. Persistent low-water risk can widen Gulf basis and support freight costs.
feedandgrain.comJackie RoembkeOct 1, 2020Not enough comparable past events yet for a historical read.
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.
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.
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.
