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The Port of South Louisiana's executive director urged Congress to use the Harbor Maintenance Tax to keep the Mississippi navigable. He cited record precipitation from April 2018 to April 2019 and silt deposits that are over twice normal in 2019.
Shallow channels from silt buildup restrict barge drafts on the export corridor, adding freight cost and limiting throughput for grain shipments through the Gulf.
lobservateur.comspecial.toSep 4, 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.
