The Mississippi and Ohio rivers fell to historic lows following drought that also affected corn and soybean crop yields across the Midwest. Although some grain shipments continue to move, they move in trailers, or groups of smaller barges, with lighter loads. Barge rates skyrocketed and millions of tons of grain cargo were diverted.

However, strong domestic demand for soybeans from soybean crushers, combined with reduced yields in the United States and some continued Chinese export demand for corn, kept corn and soybean prices relatively high until recently. ‘now with corn prices in the high $6 per bushel range and soybeans priced in the high $13 per bushel range.

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