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Waterways Council representative Paul Rhode says Mississippi River levels have improved greatly over the winter but need continued moisture to hold. He flags a thin northern snowpack and says the low-water season still raised transportation costs for grain.
Rail and barge rate effects from the earlier low water persist in transport costs, and fragile river levels leave freight prone to renewed spikes. The net effect on feed grain prices is limited for now.
brownfieldagnews.comCarah HartFeb 28, 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.
