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Winter flooding in the Mississippi Basin caused heavy sediment buildup in the Southwest Pass, reducing the channel depth to 42 feet from an authorized 45 feet. Several dredgers are working to clear the channel so vessels can transit.
Draft restrictions at the Southwest Pass force smaller loads or delays for grain vessels at Gulf export ports, which can raise ocean freight costs and widen export basis.
marinelink.comWilliam DoyleMay 8, 2018Not enough comparable past events yet for a historical read.
Not 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.
