Freight rates surge as Mississippi River water levels continue to drop

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.

• Aug 31, 2023Barge Spot Rates Hit $23.34 a Ton as Mississippi River Water Levels Drop - Bloomberg+1.5%
• Sep 9, 2024Mississippi River restricts barges as water levels drop - DredgeWire : DredgeWire+1.0%
• Sep 7, 2023Barge rates pressured by low Mississippi River water levels | Supply Chain Dive-1.2%
• Oct 20, 2023Mississippi barge rates dropping despite little improvement in river levels - FreightWaves-0.6%
• Jun 1, 2026Low Mississippi River Water Levels Raise Shipping Costs for Farmers-5.0%

After 297 past bearish logistics events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% over 20.

• Aug 31, 2023Barge Spot Rates Hit $23.34 a Ton as Mississippi River Water Levels Drop - Bloomberg-2.6%
• Sep 9, 2024Mississippi River restricts barges as water levels drop - DredgeWire : DredgeWire-0.3%
• Sep 7, 2023Barge rates pressured by low Mississippi River water levels | Supply Chain Dive-1.8%
• Oct 20, 2023Mississippi barge rates dropping despite little improvement in river levels - FreightWaves-2.7%
• Jun 1, 2026Low Mississippi River Water Levels Raise Shipping Costs for Farmers-5.0%