Mississippi flooding's impact on freight, economy spreads downstream

Not 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.

• Jul 1, 2019Barge movement resumes on Mississippi, but remains sluggish - FreightWaves+1.3%
• Oct 20, 2023Mississippi barge rates dropping despite little improvement in river levels - FreightWaves-0.6%
• Oct 2, 2020Barge Freight Starting to Ease on Mississippi, Illinois Rivers | Feed & Grain-1.1%
• Oct 25, 2022Relief still far off for low Mississippi River, hindering barge movement - FreightWaves-1.4%
• Jun 11, 2019Floods raising freight rates, washing away revenues - FreightWaves+6.2%

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.

• Jul 1, 2019Barge movement resumes on Mississippi, but remains sluggish - FreightWaves-2.7%
• Oct 20, 2023Mississippi barge rates dropping despite little improvement in river levels - FreightWaves-2.7%
• Oct 2, 2020Barge Freight Starting to Ease on Mississippi, Illinois Rivers | Feed & Grain+2.6%
• Oct 25, 2022Relief still far off for low Mississippi River, hindering barge movement - FreightWaves+2.6%
• Jun 11, 2019Floods raising freight rates, washing away revenues - FreightWaves+6.3%