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Latin America
Stretches of Upper Mississippi near record-low levels
By U.S. Energy Information Administration -
Wed 30 Jan 2013 09:59:12 CT
Related Keywords: Agriculture, Energy
Related Keywords: Agriculture, Energy
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.
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*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.
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