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Arctic air and ice formation closed the Illinois River to commercial traffic after American Commercial Barge Line suspended movement from February 8. The Rock Island District reported thick ice coverage at several locks and imposed width restrictions that cut tow sizes to six barges.
Closure of the Illinois River removes a key grain outlet for Midwest elevators and forces shipments onto rail or trucks, which raises barge freight and transport costs and supports local basis.
waterwaysjournal.netDavid MurrayFeb 15, 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.
