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The New Orleans Board of Trade's May 28, 2024 daily report sets the controlling draft for deep-draft vessels at 50 feet, with two dredges working in Southwest Pass. Pilot groups list maximum loading drafts that decline upriver, and vessels of 41 feet or more must transit Baton Rouge Harbor in daylight only.
Operating rules also apply when the Carrollton gauge reads 12 feet and rising.
Draft limits and daylight restrictions affect how fully vessels can load at Gulf export terminals, which can slow loading schedules and add freight cost. These are routine operating conditions with no new price driver.
moranshipping.comMay 28, 2024Not enough comparable past events yet for a historical read.
After 1,054 past logistics events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.5%), and -0.0% over 20.
After 837 past logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.5% to +2.0%), and +0.6% over 20.
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.
