Commodities

Midwest Rainfall Totals and Grain Barge Transport


https://preview.redd.it/tl2o7vbjn9pd1.png?width=815&format=png&auto=webp&s=1652b72a54742d1d4dba5c340ba7f15434c9ca19

https://preview.redd.it/v9f5modln9pd1.png?width=6000&format=png&auto=webp&s=f3785ee8969590480326007fab55a347cad06412

The current 30-day precipitation totals throughout the US corn and soybean belt have been considerably beneath regular. The US corn-production weighted precipitation is at 50% of regular over the prior 30 days. The rainfall deficit has resulted in low Mississippi River ranges at St Louis, doubtlessly imperiling southbound grain barge shipments.

The 2nd graphic exhibits present river ranges (crimson line) at St. Louis superimposed on an evaluation of corn + soybean weekly transport totals at St. Louis as a fraction of the annual most weekly transport complete since 2005. i.e., the Y-axis is a normalized worth. The graphic exhibits the "cliff" that develops when the river degree is just too low to permit grain barge passage.

Present forecasts present precipitation for the counties of the Higher Mississippi River drainage basin, however not sufficient to get rid of future river dangers within the quick time period.

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