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The Army Corps of Engineers ordered barge operators to avoid pushing vessels into the Mississippi riverbank between miles 120.3 and 120.5 above Head of Passes. Repeated barge contact has degraded the bank and it is encroaching on the levee system.
Vessels must proceed at slowest speed in the reach.
Speed restrictions and a no-push zone slow tows on a key Mississippi reach, adding transit time and freight cost for grain barges and modestly tightening barge capacity.
Not 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.