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The US Department of Transportation's 2022 Transportation Statistics Annual Report shows average truck speeds at the 10 worst US bottlenecks running above 2019 levels through October 2022. Barge rates on the Mississippi River System spiked this fall, and US-bound container freight rates from China remain about 200% above pre-pandemic levels.
Higher barge rates raise the cost of moving grain and meal down the Mississippi to export terminals, which can widen Gulf basis and weigh on farm-gate prices for origin regions. Sustained freight costs are a margin factor for feed buyers sourcing inland.
wolfstreet.comDec 30, 2022Not 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.
