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The Missouri River is expected to drop below flood stage at all gauges from Yankton, South Dakota to St. Louis by the end of the week. Officials warned that saturated soils and levee damage could lead to renewed flooding in spring, and levee repairs alone will cost more than $1 billion.
Recovering river levels ease barge navigation constraints, but lost crops and damaged infrastructure reduce farm output and raise freight costs. Expectations of renewed spring flooding add weather risk to next year's corn and soybean supply.
brownfieldagnews.comTom SteeverDec 10, 2019Not enough comparable past events yet for a historical read.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), 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.
