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The 2021 Upper Mississippi navigation season opened unofficially on March 19, with Lock and Dam 25 reopened on March 22 after maintenance. High water and flooding on the Lower Mississippi delayed grain barge movements and loading in the Gulf.
Barge delays on the Lower Mississippi raise freight costs and can slow grain loadings at the Gulf, which tends to support barge freight rates and firm nearby grain basis.
feedandgrain.comApr 1, 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.
