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A November 10 CoBank report projects the U.S. inland hopper barge fleet could shrink more than 17% by 2035 as rising construction costs discourage replacing aging vessels. The fleet has 19,668 barges, down 7.6% over the past decade, and average age has risen to 17.6 years.
A shrinking barge fleet could tighten capacity for grain shipments on the Mississippi system, raising freight costs and pressuring basis and export competitiveness for corn and soybean products.
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.