High Water Slows Barge Traffic on Midwest Rivers
Cargill grain elevator in Hales Point, TN, closed this week due to rising waters
High waters in the Mississippi and Ohio rivers are slowing the movement of grain barges to the U.S. Gulf export hub, grain traders said, adding another headache to a sector struggling with rising soy stockpiles and slowed exports due to a trade row with China.
Reuters reports a Cargill grain elevator at Hales Point, TN, closed this week, a casualty of rising waters from the Mississippi River that flooded a highway next to the facility, a Cargill website said.
Because of high river levels, barge operators have reduced the size of their tows and are operating only during daylight hours in a few stretches.
The latest rise in river levels followed dense fog last week around New Orleans that slowed the loading of outgoing ships from Gulf grain elevators.