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River industry groups are preparing for low-water conditions likely to last through at least the end of 2023. Coast Guard buoy work is helping maintain channel marking, but tow sizes are being reduced at a critical reach near Mile 921, and the Dorena-Hickman Ferry has been closed since August.
Smaller tows and draft restrictions raise per-bushel barge costs and slow export loading during harvest. The extended outlook suggests the freight premium may persist into early 2024.
waterwaysjournal.netShelley ByrneNov 17, 2023Not 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.
