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Barge offers on the Mississippi between Memphis and Cairo were quoted at 750 percent of tariff on September 15, up from 650 percent on September 20 per the report. Delays unloading barges at the Gulf have created a shortage of empty barges needed upriver for the harvest.
A shortage of empty barges during harvest pushes up river freight, which lowers net prices for upriver grain and supports Gulf export basis dynamics.
rrfn.comDon WickSep 17, 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.
