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USDA reported that barge spot rates for export grain fell 1% to 14% in the week to August 21, after a similar decline the prior week. Year-to-date grain tonnage on the Mississippi, Ohio and Arkansas river locking sections was down 8% from 2017.
Navigation on the lower Ohio River remained disrupted by repair work at Locks and Dam 52.
Lower barge rates reflect weak river grain demand despite ongoing navigation disruptions. Freight cost declines can narrow the discount on inland grain, although harvest-season demand is expected to lift rates later.
workboat.comWorkBoatSep 1, 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.
