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A Professional Mariner feature describes a tow waiting for hours at Port Allen Lock on the Mississippi during high, fast water in March. The river was 8 feet above flood stage and carrying debris.
The article describes the route to North Bend on the Gulf Intracoastal Waterway.
Lock queues and high-water delays raise towing costs and slow barge movements, but this is an anecdotal feature from March with no clear market signal.
professionalmariner.comProfessional Mariner StaffJun 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.
