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Barge traffic on the lower Mississippi returned to normal levels south of Cairo for the typically slower winter season. Fertilizer barge contracts out of New Orleans were 15 to 20% above a year earlier.
The Army Corps also planned to close three Upper Illinois River locks for rehabilitation from June 1 through September 30.
Normal river levels lower near-term freight, but the planned lock closures could raise barge costs for Illinois grain and inputs during summer. Higher fertilizer contract rates would keep input costs elevated for the coming planting season.
farmweeknow.comDANIEL GRANT FarmWeekJan 21, 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.
