Loading…

The Mississippi River is again at low water levels for a fourth straight year after drought reduced flows from the Ohio River. Barges must carry lighter loads, requiring more trips, which pushes up barge rates for grain exports and fertilizer imports.
Higher barge costs lower the net price farmers receive for grain sold through the Gulf and raise input costs for imported fertilizer, while barge freight rates move higher.
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.