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Iowa DOT spokesman Stuart Anderson said lower Mississippi River levels continue to disrupt barge traffic hauling grain for export. Barge operators have cut loads and reduced tow sizes south of St. Louis by about 20%, and barge rates are somewhat higher but held back by a soft export market.
Reduced barge loads and higher freight raise the cost of moving grain to export positions, supporting Gulf basis and cash prices in the Midwest while softer export demand limits the upside.
radioiowa.comDar DanielsonOct 10, 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.
