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The American Club issued a member alert on high-water preparedness for US rivers, noting that the Mississippi remained above monitoring thresholds into 2020 after major 2019 flooding. The club expects wetter and cooler conditions than normal into June.
Persistent high water on the Mississippi raises the risk of barge restrictions and delays, which can increase freight costs and widen basis for grain moving down the river.
allaboutshipping.co.ukApr 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.
