A traffic jam on the lower Mississippi River swelled to 771 barges on Thursday as a fractured bridge near Memphis closed the waterway that is crucial for U.S. crop exports,.
Reutersreports U.S. corn futures sank more than 5% in a setback from lofty prices.
Grain traders toldReutersthey expect river traffic to resume within days. Shippers are not booking barges for this week and next week, however, because the closure has left them uncertain barges will be available.
Related Reading
Bridge Cracks, Shuts Down Part of Mississippi
Global Supply Chain Disruptions Felt Across Midwest
