Traders are closely watching water levels along the Mississippi River and how they are impacting grain movement.
Several locks along the transportation corridor are now closed for barge traffic, leaving a large portion of old crops unable to get moving.
In Saint Paul, the mighty Mississippi has risen to one of its top-10 highest levels, and the Minnesota River is helping contribute to the rise. The Army Corps of Engineers has closed lock three on the river until further notice. Dam 14 is also closed, with several more eyed for closures later this week.
The Soy Transportation Coalition’s Mike Steenhoek says while it is good this is not happening during harvest, it puts moving old crops in a bind until those levels recede.
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