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Low water at St Louis harbor, which reached -3.3ft on 19 February, is expected to persist through March. Ice formation and minimal rainfall have forced some terminals to stop loading and unloading barges.
Reduced barge drafts and loading delays raise shipping costs and tighten logistics for grain and fertilizer moving through St Louis, supporting barge freight rates.
argusmedia.comMeghan YoyotteMar 25, 2024Not 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.
