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Downbound barged grain movements on the Mississippi rose 38% in the week ending October 16 to 813,670 tons, recovering from post-Hurricane Ida lows. Barge unloads in New Orleans also resumed, with 772 barges unloaded that week.
A recovering barge flow eases the Gulf logistics bottleneck and should reduce upward pressure on freight rates as harvest volumes move.
feedandgrain.comOct 21, 2021Not 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.
