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Drought across the central US is shrinking the Mississippi River and sending barge rates higher. Dry conditions in the Ohio River basin have worsened already low water levels, according to a hydrologist cited in the report.
The article warns of disruption to shipments of corn and other goods.
Higher barge rates and possible load restrictions raise transport costs for grain moving down the Mississippi. This can lower interior farm prices relative to export benchmarks.
archive.phSep 5, 2024Not 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.
