PortandTerminal.com, May 6, 2019
What has been called ” The worst flooding disaster ever to hit the region” will have a severe impact on 2019 corn and soybean crops.
Floodwaters have continued to rise over the weekend in areas along the Mississippi, Missouri and Illinois rivers.
The recent serious flooding has put corn and soybean acres are at risk of late planting—if fields get planted at all. Planalytics, a business weather intelligence firm based in Pennsylvania estimates more than half of all corn and soybean acres are at risk of flooding this spring.
In St. Louis, the Mississippi River had reached nearly 41 feet by 11:30 a.m. Sunday morning — more than 10 feet above flood stage.
A portion of the Mississippi River near St. Louis remains closed to all boat and barge traffic due to flooding and fast-moving currents. The closure will be lifted “as soon as conditions improve,” the U.S. Coast Guard said in a press release.
High water on the Mississippi has persisted for months, slowing shipments of grain, fuel and chemicals. CME Group Inc., owner of the Chicago Board of Trade, declared force majeure due to load-out impossibility at a majority of corn and soybean regular shipping stations on the Illinois and Mississippi Rivers.
More rain is expected around the U.S. Midwest this week, which is likely to keep many farmers sidelined instead of planting corn.
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