A nod to the 90s, Sammy Kershaw vibes are running strong as traders this week focus on politics, inflation, and production numbers. With so many moving parts, one commodity broker says it feels like the perfect storm is brewing.
Everything that moves in a barge relies on the Mississippi River to keep commerce moving. Given the longstanding drought, that has become a tall order to fill.
Brazil s soybean crop isn t even half planted yet and traders are already concerned about its bearish impact on future prices. We have seen this before.
The Mississippi and Ohio Rivers are reaching record-breaking low levels, causing more headaches for everyone trying to get commodities moving up and down the river.
Besides the sandbars grounding barges and creating havoc for river terminals and farmers, saltwater is leaking into the Mississippi River at New Orleans.