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A tow of hopper barges loaded with corn and soybeans broke apart and struck Lock and Dam 11 in Dubuque, Iowa, on May 4, temporarily closing the lock. The lock reopened the next day, and two sunken barges remain upstream outside the shipping channel.
The incident caused only a short closure, but it adds to the backlog of river delays during high water, modestly tightening barge capacity and supporting freight rates.
waterwaysjournal.netDavid MurrayMay 14, 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.
