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The Army Corps of Engineers told the Inland Waterways Users Board that June precipitation was 25% to 50% below normal, and low water could approach 2022 levels. The Corps has 17 dredges operating and added extra units to keep harbors open.
Expected low stages and dredging-related harbor closures could restrict barge loadings and raise freight costs on the Mississippi system this fall.
waterwaysjournal.netShelley ByrneJul 28, 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.
