# Mississippi barge rates dropping despite little improvement in water…

> Barge rates on the Mississippi River fell despite low water levels and ongoing barge movement restrictions. USDA's grain transport indicator for barge traffic dropped to 326 in the week before its 19 October report, from 366 the previous week. Spot rates were near the five-year average because of weak export sales, and the Memphis gauge hit a record low in mid-October.

- Date: 2023-11-08 · published 2023-11-08T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/33359-mississippi-barge-rates-dropping-despite-little-improvement-in-water
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Weak export demand is offsetting the usual freight premium from river restrictions, so barge rates are falling. Lower freight costs slightly support interior basis, but low river levels still constrain grain flows.

## Read by commodity

- BARGE: bearish ▼

## Sources

- ofimagazine.com: https://www.ofimagazine.com/news/mississippi-barge-rates-dropping-despite-little-improvement-in-water-levels

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.