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A Waterways Journal piece says 2019 was a tough year for barge operators, with historic flooding and trade tensions cutting fertilizer and agricultural bargeloads. Floods prevented 19.8 million acres from being planted in 2019.
Industry leaders expect some recovery in 2020 but cite continued cost pressures from navigation events.
Reduced barge demand and high navigation costs can lift barge freight rates when river conditions disrupt, while lower planted acreage tightens the grain supply outlook.
waterwaysjournal.netDavid MurrayJan 24, 2020Not enough comparable past events yet for a historical read.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.
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.
