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Grain barge tonnage on Midwestern rivers for January 1 to 15 was 496,000 tons, 63% below the same period in 2017, according to USDA. Ice buildup closed or restricted lock gates at Melvin Price and Chain of Rocks, and empty upbound barges on the Illinois fell 94% year on year.
Sharply lower barge capacity raises freight costs and delays shipments during peak soybean export season. The shortfall tightens the logistics chain and can lower interior prices while Gulf offers stay firm.
bakingbusiness.comMatt NoltemeyerJan 24, 2018
world-grain.comMatt NoltemeyerJan 24, 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.
