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
Dr. Jeffrey Gold, president of the University of Nebraska-Lincoln, joins us on Rural Health Matters to discuss winter safety reminders and preparedness.
ASFMRA’s Dennis Reyman discusses farmer sentiment, land values, and how global and financial pressures are shaping decision-making in the ag land market.
Richard Gupton of the Agricultural Retailers Association discusses the EPA’s new decision on over-the-top Dicamba and what it means for growers this year.
Mike Spier, president and CEO of U.S. Wheat Associates, discusses the new U.S.-Bangladesh trade agreement and its potential benefits for U.S. wheat growers.
Gretchen Kuck of the National Corn Growers Association joined us to discuss the Ag Coalition for USMCA’s report findings and expectations ahead of the upcoming USMCA review.

LATEST STORIES BY THIS AUTHOR:

Julie Callahan was nominated earlier this summer by President Donald Trump, and U.S. Trade Representative Jamieson Greer told lawmakers she is ready to hit the ground running.
Ag Secretary Brooke Rollins signed six MAHA waivers for SNAP in Hawaii, Missouri, North Dakota, South Carolina, Virginia and Tennessee.
Dr. Jeffrey Gold, President of the University of Nebraska, joined Rural Health Matters to outline a few key reminders for parents about keeping kids healthy during the holiday season.
Farm Journal Foundation Senior Policy Adviser Dr. Stephanie Mercier outlines new research on the top sixteen biosecurity threats in agriculture/
Rancher David Kroa of One Man Ranch joins us to share the story of his remarkable Shorthorn cow, Trish, who is beating the odds.
American Soybean Association President Caleb Ragland shares the soybean sector outlook following the announcement of farm aid to offset losses for U.S. row crop growers.