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Icy arctic temperatures and winter storms closed or delayed barge and stevedoring operations from Houston to New Orleans, while a polar vortex brought freezing weather across much of the central US. Winter weather advisories covered about 154 million people, and power outages hit several states.
Barge closures on the Mississippi system stall grain movements from the Midwest to Gulf export terminals, which tightens barge capacity and pushes freight rates higher. Higher freight costs widen basis differentials and raise delivered feed costs.
waterwaysjournal.netDavid MurrayFeb 19, 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.
