# High waters hit river logistics, hold back ag shippers | Supply Chain Dive

> High water on the Mississippi halted barge freight on and off in the second quarter. ADM closed a Louisiana export facility and put freight delays at about $40 million, while Bunge's profit was cut by roughly $13 million. ADM's second-quarter net earnings fell to $340 million from $579 million in the first quarter.

- Date: 2019-08-05 · published 2019-08-05T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/57484-high-waters-hit-river-logistics-hold-back-ag-shippers-supply-chain-dive
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Higher freight costs and export disruptions widen the gap between farm and export prices, cutting what farmers receive. The impact is already visible in processor earnings, and renewed flooding could repeat it.

## Read by commodity

- BARGE: bullish ▲

## Sources

- supplychaindive.com: https://www.supplychaindive.com/news/river-logistics-hold-back-ag-shippers/560214/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.