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Missouri River communities and river operators are dealing with repeated flooding, the third this year for some areas. A debris pile caused the collapse of a Norfolk Southern railroad bridge on the Grand River on October 2.
Port KC reports it was largely protected, moving 17 barges and 26,000 tons last month, though downstream closures affected barge traffic.
Downstream port closures and rail damage raise freight costs and delay grain and feed shipments from the Upper Midwest, which can widen basis and support local feed ingredient prices. Navigation remains workable on the Missouri, limiting the price effect.
waterwaysjournal.netDavid MurrayOct 11, 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.
