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<p>[QUOTE=&quot;justafarmer, post: 1518183, member: 3926&quot;]Speaking of fundamentals in a different vein. An 11 mile stretch of the Mississippi River located at Greenville, Mississippi has been closed to barge traffic. Corp of Engineers are surveying area for dredging but low water levels and impeded traffic up and down the entire river system is predicted to remain through October. Bungie, Cargill and others have issued a general notice to farmers that they will only accept only current contracted grain at their elevator operations which rely on the waterway for shipping. When speaking about contracted grain- I am talking about forward contracts - not CME futures and by current meaning no early delivery for which a storage charge would be incurred. The low water level is effecting all commodoties that rely on the waterway for shipping (such as scrap steel, ore, coal and etc.).[/QUOTE]</p><p><br /></p>

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