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The Mississippi River has returned to record or near-record low levels after heavy spring snowmelt floods. Soy Transportation Coalition director Mike Steenhoek said barge companies are reducing tow sizes and freight loads again, with some sections lower than last October.
Smaller barge loads reduce river grain capacity and push up freight costs, which tends to widen Gulf export basis and support barge rates.
centralmoinfo.comJul 12, 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.
