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A bipartisan group of lawmakers led by Senator Roy Blunt and Representative Sam Graves urged the Army Corps of Engineers to direct more resources to Lower Missouri River navigation problems. They described a critically dire situation in which serious barge accidents have nearly stopped commercial activity.
The letter was backed by senators from Iowa and Nebraska.
Prolonged barge disruptions on the Missouri raise freight costs and can delay grain shipments from the Plains and Corn Belt, supporting interior basis and feed ingredient delivered prices.
1230kfjb.comAshley AndersonSep 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.
