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A CoBank report warns that the U.S. barge fleet is shrinking, with a forecast decline of more than 17% in ships by 2035. Replacement barge costs have doubled over the past decade, and 500 to 1,000 barges are retired each year against about 400 new builds.
Tighter barge availability tends to raise Mississippi River freight rates and push more grain into storage, which weakens basis levels paid to farmers.
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.