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A major marine shipping company at New Orleans reported tows and barges getting stuck on shoals along a 400-mile stretch of the Mississippi south of Memphis. The report links the grounding to slower crop movement to world markets.
Grounded tows cut barge capacity on the key export route, raising freight costs and delaying shipments of grain and soybeans from the Midwest.
spotonillinois.comHerald, Review DecaturNov 10, 2020Not 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.
