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The U.S. Army Corps of Engineers had dredged the Mississippi 24 hours a day since July and expected to finish by the end of January. Water levels at Memphis and St. Louis were comparable to a year earlier, and improved snowpack and precipitation supported hopes of normal levels by spring.
Barges remained out of position, so logistical problems would persist for a time.
Easing river constraints should reduce barge freight costs and shipping backlogs for grain and fertilizer. Lingering barge misplacement could keep spot freight firm in the near term.
agweb.comJan 31, 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.
