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Low Mississippi water levels slowed barge traffic and cut loading capacity during the 2023 harvest, repeating last year's delays. Industry officials said barges are being loaded more conservatively this year, and recent rainfall has started to ease the situation.
Lower barge loading capacity raises shipping costs and can delay grain exports, which weighs on interior bids. The easing from recent rain reduces, but does not remove, the freight pressure.
hoosieragtoday.comSabrina HalvorsonNov 13, 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.
