摘要: |
With no significant rain on the horizon anywhere in the Mississippi River drainage basin, the low-water situation continues to be bleak. The Mississippi River gauge at Memphis hit -10.79 feet, the lowest since records started in 1954. Industry sources speak of "severe impacts to navigation not seen since 1988" and reduced ton-mile productivity. The low water, groundings, light-loading and restricted tow sizes are slowing the movement of millions of tons of corn and soybeans that the rest of the world desperately needs. It's important to note that cargo continues to move, albeit less cargo is moving more slowly. According to the U.S. Department of Agriculture, the cost of sending a ton of corn, soybeans or other grains southbound from St. Louis to southern Louisiana reached $105.85 on October 11, compared to $49.88 on September 27 and $28.45 on October 5, 2021. Along the Ohio River, prices for corn and soybeans are lower in river terminal areas-a reversal of the normal price pattern. This is happening at a time when rail and trucks are experiencing their own difficulties. |