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An American Farm Bureau economist said transportation problems could again be a top market issue in 2023. Barge rates on the Mississippi spiked to more than 2300% above baseline during the slowdown before easing as water flows recovered.
Rail shipments also remain slow due to labor shortages.
Barge and rail bottlenecks raise delivered costs and can delay grain and feed movements, supporting regional basis and freight-driven price spreads. The easing of barge rates reduces that pressure, so the net price effect is modest for now.
brownfieldagnews.comBrent BarnettJan 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.
