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The Waterways Journal reports that the inland marine hopper barge market has rallied since mid-2021, with full fleet utilization reported for 2022. Newbuild barge costs have more than doubled since 2021, newbuilding orders have stalled, and old vessels are being scrapped.
Tight barge capacity and higher newbuild costs push up barge freight rates, raising the cost of moving grain and other bulk cargo on the Mississippi and inland waterways. Higher freight can widen basis and lower farm-gate prices in interior origins.
waterwaysjournal.netWaterways JournalApr 19, 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.
