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The US Coast Guard lifted the waterway restriction under the I-40 bridge near Memphis, allowing grain and feed barges to resume transit on the Lower Mississippi. At the time, 62 vessels and 1,058 barges were queued.
Vehicle traffic on the bridge remained closed.
Reopening should ease the barge queue and lower the freight premium that had built up during the closure. Export flows through the Gulf should recover over the following weeks.
feedstrategy.comAndrea GantzMay 14, 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.
