Commodity transports could be stalled on the upper Mississippi River as 11 locks and dams from Bellevue, Iowa, to Saverton, Mo., are expected to close due to rising flood waters, Reuters reported Monday.
The waters are currently making the locks and dams impassible for at least 80 tows, Ron Fournier of the Army Corps' Rock Island district told Reuters.
According to Farm Futures Senior Grain Market Analyst Bryce Knorr, a closure of that magnitude could weaken cash prices as river terminals could be unavailable to bid for nearby loadings.
"If the high waters damage some of the vulnerable, aging facilities, it could keep movement slow just when farmers begin dumping old crop inventories," Knorr says, "which typically happens once they see if their crop pollinates."
The Army Corps' online river gage directory on Monday afternoon showed 28 reporting stations on the Mississippi River between Bellevue and Saverton above flood stage.
For more, view the National Weather Service's river observations map.