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A section of the lower Mississippi reopened over Labor Day weekend, but vessels had to navigate slowly around hazards from Hurricane Ida, including sunken barges. Many grain terminals stayed closed for lack of power, and rail grain carloads were down 27% year on year.
Slow river traffic and closed elevators hold back grain movement and push up barge and rail costs, supporting Gulf basis and feed prices.
world-grain.comMatt NoltemeyerSep 9, 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.
