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Barge traffic on the lower Mississippi was still slow in early January but improving from late fall. Soy Transportation Coalition director Mike Steenhoek described the change as moving from a one-lane to a multi-lane freeway.
Severe cold around Christmas added ice that reduced barge efficiency.
Improving river throughput eases bottlenecks for grain and soybean exports and lowers freight costs. Ice and cold can still cause temporary slowdowns that lift short-term freight.
brownfieldagnews.comCarah HartJan 4, 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.
