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Lower Mississippi and Gulf inland transport is still recovering from Hurricanes Ida and Nicholas, with some grain elevators offline for weeks. Corn and wheat export inspections in the week ending September 9 were 75% below the same week of 2020.
Power outages and early damage estimates have been partly revised down, as reported by the trade press.
Lower export inspections and slower barge movements weigh on US cash grain demand at the Gulf, while barge capacity is recovering. Freight conditions are normalizing, which eases pressure on barge rates.
waterwaysjournal.netWaterways JournalSep 24, 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.
