Expert: Basis Trends Upward Despite Mississippi River Levels Trending Lower

Hunter Biram, an extension economist with the University of Arkansas, is tracking Mississippi River water levels as grain shippers shift their focus to transportation following the wrap-up of fall harvest.

LITTLE ROCK, Ark. (RFD-TV) — Hunter Biram, an extension economist with the University of Arkansas, is tracking Mississippi River water levels as grain shippers shift their focus to transportation following the wrap-up of fall harvest.

Biram joined us on Tuesday’s Market Day Report to break down current river conditions, how they compare to previous years, and what they mean for barge freight costs as the industry moves deeper into the post-harvest shipping season.

In his interview with RFD-TV News, Biram discussed where Mississippi River levels currently stand and whether these conditions align with typical seasonal patterns.

He said that right now, the river sits just below the critical level as set by the National Weather Service, but it is not nearly as low as we have seen in recent years. He also noted that, despite the river levels trending lower, they have not had an impact basis. Instead, the basis is trending upward.

Biram also outlined the latest outlook for river levels in the weeks ahead and explained the potential ripple effects on transportation costs and market timing if low levels persist. He also underscored the central role the river system plays in U.S. grain movement and how fluctuations can impact both exporters and producers, especially in the Southern U.S.

Related Stories
UT Extension’s Charles Denney visits a Weakley County farm to see how growers and University of Tennessee Extension specialists are working to expand canola production in the Volunteer State.
A new National Corn Growers study says U.S. grain producers pay significantly more than farmers in Brazil for seed and crop protection, as farmers also face fuel uncertainty and tight cattle supplies.
USDA’s July WASDE report projects the smallest U.S. wheat crop since 1970, tighter corn stocks, stronger soybean exports, larger cotton supplies, and higher cattle prices.

LATEST STORIES BY THIS AUTHOR:

Soda discusses her upcoming appearance on the Dirt Diaries podcast with host Kirbe Schnoor about mental health advocacy and Nationwide’s efforts to support the next generation of agriculture leaders.
Farm Bureau economist Dr. Faith Parum joins us to discuss USDA’s latest reports on crop acreage and grain stocks, and how they impact farm margins and trade outlook moving forward.
RealAg Radio Host Shaun Haney joins us to break down the StatCan’s acreage report as traders await similar data from the USDA.
A private acreage estimate points to fewer corn acres and more soybeans ahead of the USDA’s upcoming final acreage report this week.
For farmers and ranchers, the biggest near-term pieces are in the safety net.
Chip Cortez with Specialty Risk Insurance joins us to discuss farm safety priorities during National Safety Month.