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The Inland Waterways Users Board met in St. Charles, Missouri, on November 29 and received Army Corps of Engineers project updates. USDA official Janine Miller said barges carry 37 percent of agricultural ton-miles and that waterways are important for soybean and corn exports.
USDA also signed an agreement with Informa Economics for 10- and 25-year infrastructure forecasts.
Barge capacity and lock reliability affect freight costs and the basis for corn and soybeans moving down the Mississippi. The article describes ongoing planning rather than any immediate supply disruption, so the price effect is limited.
waterwaysjournal.netDavid MurrayDec 7, 2018Not 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.
