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The U.S. Army Corps of Engineers is closing a three-mile stretch of the Mississippi between Memphis and Greenville for bank repairs from dawn to dusk. Barge delays have averaged about 10 hours, and the Corps has agreed to delay morning work when tows have not cleared.
The Waterways Council says the delays are costly to shippers.
Barge delays on the Mississippi raise transport costs and can slow grain shipments to Gulf export terminals. That tends to support barge freight and widen Gulf basis for grain.
fox13memphis.comNov 26, 2019Not 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.
