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CoBank economist Tanner Ehmke said in an RFD-TV interview that the U.S. barge fleet has shrunk nearly 8% over the past decade and that more barges are being retired than replaced. He said more than half of U.S. corn and soybean exports and about a third of wheat exports move by barge on the Mississippi River.
Fewer available barges could raise freight costs and lower the prices farmers receive for grain, especially for exports moving down the Mississippi.
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.