Loading…
The US Coast Guard set new towing and draft limits on the lower Mississippi on 31 August, five days after its previous restriction. Memphis fell to nearly -6ft, below its low-water threshold, and several other points are at or near their thresholds.
Tighter restrictions cut barge capacity during harvest, which lifts southbound tariffs and increases the risk of grain being stranded, adding cost pressure to Gulf-bound grain.
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.
