Mar 17, 2019

Barge Restrictions Mean Shipping Complications on Mississippi River

Also means lower grain prices for farmers — and snow's still melting

High water and strong currents on the lower Mississippi River are squeezing barge traffic and driving up the cost of agricultural shipping, reports theStar Tribune.

As the snow melts in the Upper Midwest and flows into the waterway, barge traffic is expected to slow even more, further limiting the movement of grain south and fertilizer north.

“High water is slowing transit. It’s limiting tow sizes, speeds are reduced; it creates some safety risks,” John Griffith, senior vice president of global grain at CHS Inc., told theStar Tribune.

This may persist for the rest of March, according to theU.S. Department of Agriculture’s weekly Grain Transportation Report, released Friday.

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Magazine

Marketwatch: Mar, 25

US Corn Price Idx:ZCPAUS.CM

open: 7.2563
high: 7.2588
low: 7.1555
close: 7.1953

US Soybean Price Idx:ZSPAUS.CM

open: 16.5697
high: 16.6984
low: 16.4286
close: 16.4672

US Hard Red Winter Wheat Price Idx:KEPAUS.CM

open: 10.2268
high: 10.2859
low: 10.0542
close: 10.0755

US Soft Red Winter Wheat Price Idx:ZWPAUS.CM

open: 10.0954
high: 10.2546
low: 10.0279
close: 10.0854