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Rhine barge freight rates hit a fresh record this week as water levels fell to the lowest seasonal level since at least 1990. Kaub gauge depths reached multidecade lows.
Shallow water cuts barge loads and pushes freight costs up sharply, raising the cost of moving feed ingredients and grain through the Rhine corridor. Higher inland freight widens regional basis and supports delivered feed prices in northwest Europe.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.