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Shipbroker Marcon International published a tank barge market report noting improving US inland and coastal tank barge spot pricing and higher term contract rates year on year. Low river levels and Illinois lock closures reduced inland utilization compared with last year.
Tight barge tonnage and low river levels raise freight costs for grain and meal moving on inland waterways, which can widen basis and cut farm-gate prices.
marinelog.comNick BlenkeyDec 4, 2023Not 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.
