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Severe winter weather and ice slowed downbound barge traffic on the Upper Mississippi, Illinois and Upper Ohio rivers. Downbound barged grain through Mississippi River locks fell to 426,106 tons for the week ending February 12, 38 percent below the prior year.
Low water at St. Louis forced operators to reduce tow sizes and weights.
Reduced barge capacity and slower locks tighten available barge space, which raises freight costs and can widen basis for grain shipped on the river.
waterwayscouncil.orgWaterways CouncilFeb 18, 2022Not 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.
