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The USDA's July 2 Grain Transportation Report examines how scheduled summer rehabilitation of Illinois River facilities is shifting barge routes, modes and freight rates. The Illinois carries over 6.5 million metric tons of downbound grain, about 22% of barged grain through the Mississippi locking system.
Average diesel rose 0.5 cents to $2.43 per gallon.
Planned outages on a key grain artery can shift volumes to costlier routes, pushing up barge freight and affecting prices paid and received across the Midwest.
doi.orgPeter Caffarelli, Petera, P Kelly, Nelson Kelly, Kranti Mulik, KrantiJul 2, 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.
