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USDA reported the St. Louis barge rate at $18.55 per ton in early 2023, 26 percent below a year earlier. Freight rates for St. Louis cargo had hit $105.85 per ton the previous October.
Improved snowpack and precipitation are expected to bring the Mississippi River and its tributaries back toward normal levels by spring.
Lower barge rates and normalizing river levels reduce costs for moving grain south and inputs north ahead of the 2023 season. Freight relief supports delivered feed costs.
kmch.comDani BurkeMar 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.
