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Feed & Grain reports that severe winter weather snarled downbound barge traffic on the Upper Mississippi River. Downbound barged grain through Mississippi River locks fell to 426,106 tons for the week ending February 12, 38 percent below the prior year.
Ice on the Illinois and Upper Ohio rivers and low water at St. Louis further constrained barge operations.
Reduced barge capacity during the winter tightens river freight availability, which supports barge rates and can lower local grain bids in river-dependent origins.
feedandgrain.comFeb 17, 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.
