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The NGFA declared the Mid-Mississippi River open for navigation at 7 a.m. on March 29, 2021, after a barge reached Dubuque, Iowa with an empty covered cargo barge suitable for loading. The declaration follows a special three-person committee vote under NGFA trading rules.
Reopening the Mid-Mississippi allows barge shipments of grain from upriver origins, easing freight constraints and tightening the spread between barge and rail rates.
grainjournal.comMar 29, 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.
