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The U.S. Soy Transportation Coalition reports that high water is shrinking barge flotillas, which raises the cost per barge. Flooding is also damaging local roads and railroads, and some repairs may be delayed by further high water.
Fertilizer and other Gulf shipments are expected to stay disrupted for weeks, and farmers are advised to plan for detours.
Higher barge and rail costs and delayed fertilizer deliveries raise input costs for feed and grain producers and may support urea and freight prices.
brownfieldagnews.comLarry LeeMar 21, 2019Not enough comparable past events yet for a historical read.
After 49 past bullish logistics events, Urea moved a median -0.3% over 5 sessions (45% higher; middle half -1.3% to +2.2%), and -0.4% over 20.
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.
