CME Group/Chicago HQ
Local: +1 312 930 1000
Toll Free: +1 866 716 7274
Global Customer Contacts
Product inquiries, website issues,
and specific questions
Phone: +1 312 930 2316
Toll Free: +1 800 331 3332
More CME Group Direct Lines
Phone list by department
As a result of last year's drought, stretches of the Upper Mississippi River have approached record lows, jeopardizing commercial barge traffic shipping agricultural and energy commodities on the river, the Energy Information Administration said in a report.
Recent rock blasting and dredging by the U.S. Army Corps of Engineers and rainfall in the near-term forecast are expected to provide some relief. Key energy commodities transported via Mississippi River barges are coal and, increasingly, crude oil and distillate fuel oil.
Large stretches of the Upper Mississippi have seen low water levels, although for the most part the Lower Mississippi River Basin (after the confluence of the Ohio and Mississippi rivers, near the Missouri, Illinois, and Kentucky borders) has remained at normal water levels.
When levels start to drop below certain points, barge traffic is slowed because of congestion in the narrower portion of the river that remains navigable.
Click here to read the full report.
*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.