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BL Duke River Terminal is preparing to resume normal operations as repairs on the Illinois Waterway near completion. Northbound traffic from New Orleans resumed in early October, and southbound traffic from Chicago is expected to resume in early November.
Reopening the Illinois Waterway eases barge capacity constraints and should lower freight costs for grain shipped through Illinois River elevators. That is mildly bearish for barge freight rates.
prweb.comB.L. DukeOct 23, 2020Not 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.
