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The Mississippi River was closed to vessel traffic near St. Louis on August 31 after cracks were found in a gate at the Melvin Price Lock and Dam during a routine inspection. Some 15 barge tows were stopped, and repairs were expected to reopen the lock by Sunday.
A river closure during harvest shipping season backs up grain barges and raises freight costs for Midwest exporters. The impact on prices should fade once the lock reopens.
bnd.comKara BergSep 1, 2017Not 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.
