Loading…
Cairo, Illinois, is using stranded barge traffic on the Ohio and Mississippi rivers as an opportunity to build a cargo unloading facility. More than 600 barges were waiting upstream of the confluence as of June 12 and were held until water levels fell.
The Quad Cities stretch of the Mississippi dropped below flood stage for the first time in 96 consecutive days.
Barges waiting at Cairo signal a large freight backlog on the river system, which keeps barge rates elevated and delays the flow of ag products and inputs.
will.illinois.eduMadelyn BeckJun 21, 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.
