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Marty Shell, president of Five Rivers Distribution and an Arkansas Waterways Commission member, says labor issues, not lingering Hurricane Ida damage, are the main constraint on inland river commerce. He reports barge rates are very high without a contract, barges are hard to get, and truck and other freight rates are also elevated.
Tight barge availability and high freight rates raise delivered costs for feed ingredients moving on the Mississippi and McClellan-Kerr systems, supporting basis and freight-related price pressure for grain and meal.
waterwaysjournal.netDavid MurrayOct 22, 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.
