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Low Mississippi water levels forced barge operators to cut tow sizes by up to 34% as of September 12, the third consecutive year of restrictions. Southbound freight rates at several river points were up double digits versus the three-year average.
Rain from Hurricane Francine gave temporary relief, but levels were expected to fall back below the low-water threshold later in the month.
Restricted barge capacity lifts freight costs during harvest, which widens the gap between Gulf and Midwest prices and weakens farm-gate bids for corn and soybeans.
agriculturedive.comSarah Zimmerman16 Sep 2024
supplychaindive.comSarah Zimmerman18 Sep 2024Setelah 297 peristiwa logistik bearish sebelumnya, Kedelai bergerak median +0,3% selama 5 sesi (54% lebih tinggi; separuh tengah -1,5% sampai +1,8%), dan +0,7% selama 20 sesi.
Setelah 359 peristiwa logistik bearish sebelumnya, Jagung bergerak median -0,3% selama 5 sesi (44% lebih tinggi; separuh tengah -1,5% sampai +1,5%), dan -0,5% selama 20 sesi.
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