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Barge traffic on the Mississippi is starting to pick up, with the river open to shipping as far north as Lock and Dam 14 at Le Claire, Iowa. Army Corps of Engineers forecasts for the St. Louis district were revised down, and no flooding above flood stage is currently expected there.
Ice remains thick near Lake Pepin, so barges will not reach St. Paul for some time.
Easing high-water restrictions on the lower river should ease freight bottlenecks, which is mildly bearish for barge rates and cash grain basis at the Gulf.
brownfieldagnews.comLarry LeeMar 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.
