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Harvest Public Media reports that the Mississippi River is facing low water levels for a fourth year in a row after decreased rainfall shrank the Ohio River. Barges are carrying lighter loads, which raises the cost of shipping grain and importing fertilizer.
Higher barge rates and reduced loads cut the competitiveness of US grain exports from the interior and lift the cost of fertilizer, which supports freight prices.
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.