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The Mississippi at Rock Island sits just below five feet, one of its lowest levels in five or six years. Lock operators say lower flows ease lock operations, while the Corps is dredging hotspots to maintain the nine-foot channel for barges.
Dredging keeps barge channels open, so the operational impact on grain freight is modest, though low water adds some cost and scheduling risk for barge movements.
wqad.comMaggie Wedlake (WQADJun 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.
