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Low Mississippi River levels are slowing grain transport in Arkansas, with the river at -6.4 feet at Memphis, more than 11 feet below its low-stage mark. Some elevators are reportedly shutting down, and growers are placing grain into private or temporary storage while the Arkansas soybean harvest runs ahead of 2016.
Barges carrying less grain and elevator shutdowns create a bottleneck that adds freight costs and pressures local cash bids, while storage needs can delay supply reaching export channels.
uaex.uada.eduOct 6, 2017Not enough comparable past events yet for a historical read.
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.
