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Emergency repairs are underway on the Missouri River navigation system after floodwaters exposed more than 5,000 damaged structures. Barges have been grounded and tugboats damaged, mainly between Kansas City and St. Louis, forcing smaller barge loads.
Reduced load capacity between Kansas City and St. Louis raises the cost of moving grain to the Gulf, which weighs on Midwest basis and lifts freight rates.
brownfieldagnews.comNov 24, 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.
