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
The analysis models how trade disruptions in the Strait of Hormuz may continue to drive up the cost of fertilizer.
National Land Realty’s Jeramy Stephens explains how rising input costs and economic uncertainty are impacting the farmland market and what landowners should watch moving forward.
Higher fuel costs are raising grain shipping expenses. RealAg Radio’s Shaun Haney discusses how energy market disruptions are impacting farmers in new ways as the War in Iran continues.
Texas Agriculture Commissioner Sid Miller joins us with an update on the most recent case of New World screwworm 90 miles from the U.S. Southern border.
Variety meat demand is helping offset weaker beef exports.
Corn exports remain the clear demand leader.

LATEST STORIES BY THIS AUTHOR:

Fewer DEF-related shutdowns could mean more uptime during planting and harvest seasons.
New Nebraska wildfires near containment, but damages still mount for ranchers across the region.
Widespread drought and extreme weather leave producers managing limited resources
Jose de Jesus explains the National Pork Board’s new campaign, “Taste What Pork Can Do,” which aims to build long-term engagement with Millennial and Gen-Z consumers.
Farm legal expert Roger McEowen highlights the legal challenges surrounding stray voltage, a recent court decision, and what it means for agricultural producers.
Rising costs are significantly extending walnut profitability timelines.