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Flooding has turned sections of the Mississippi into a sandbar-laden channel, with sand and silt deposited across the system. Dredging is needed to restore safe navigation, and some lower river locations have yet to fall below flood stage.
Shoaling and required dredging prolong barge restrictions and grounding risk, keeping freight costs elevated and affecting Gulf-bound grain basis.
dtnpf.comJul 29, 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.
