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Falling water levels on the Mississippi River are raising the cost and time needed to move grain to the Gulf for export, according to a World Grain report from September 26. The USDA's September 22 report showed weekly barge movements down 38% from the same period in 2022, with delays of two to three days caused by reduced loading drafts and tow sizes.
Slower and costlier barge transport lowers Gulf-delivered prices for Midwest grain and raises freight costs for feed buyers who depend on river-supplied ingredients.
ofimagazine.comQuartz Business MediaOct 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.
