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The Mississippi River has risen after reaching historic lows last fall, when low water forced barges to travel single-file and raised shipping costs sharply. Louisiana Agriculture Commissioner Mike Strain says freight rates are returning toward lower levels, and barges can again run two or more abreast.
He also said good growing-season prospects should help bring some grocery prices down.
Falling barge freight rates lower the cost of moving grain from the Midwest to Gulf elevators, which supports farm-gate prices and export competitiveness. The reduced transport costs also ease pressure on feed ingredient prices delivered to buyers.
audacy.comChris MillerMar 9, 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.
