Karl's Feed
Apr 25, 2013

Damaged Illinois River lock may hinder barges for weeks

April 25 (Reuters) – A northern stretch of the Illinois
River, a main artery for shipping bulk commodities to export
terminals at the Gulf of Mexico, is expected to remain closed
for several weeks as the U.S. Army Corps of Engineers works to
repair a lock damaged during recent heavy flooding.

Severe flooding on the waterway has also halted the loading
of corn and soybean barges at terminals along the waterway and
delivery points for CME grain futures contracts, with the
exchange declaring force majeure on Thursday at all terminals it
uses on the river.

Apr 25, 2013

Damaged Illinois River lock may hinder barge traffic for weeks

April 25 (Reuters) – A northern stretch of the Illinois
River may remain closed to commercial shipping traffic for
several weeks as the U.S. Army Corps of Engineers works to
repair a lock damaged during recent heavy flooding, the Corps
said on Thursday.

Flooding on the waterway has also halted the loading of corn
and soybean barges at Illinois River terminals, which are
delivery points for CME grain futures contracts. That prompted
the exchange to declare force majeure at most terminals on
Thursday.

Apr 23, 2013

Floods to sideline Mississippi River barges at least another week

April 23 (Reuters) – Barge shipping on the Illinois River
and parts of the Mississippi River will remain impeded until at
least early next week as the flood-swollen waterways slowly
recede from record- or near-record-high crests, according to the
U.S. Coast Guard and Army Corps of Engineers.

But the date when barge shipments of grain can again move
freely from production areas in the Midwest to export facilities
at the Gulf of Mexico may be pushed back as another storm system
moved through the region on Tuesday.

Apr 22, 2013

Mississippi barge traffic snarled by floods, accidents

By Karl Plume

(Reuters) – Commercial shipping traffic was moving again on the Mississippi River south of St. Louis after a pair of barge accidents that forced the U.S. Coast Guard to close the waterway over the weekend, but navigation remained severely impaired further north.

Flooding following torrential rains across the central United States forced the U.S. Army Corps of Engineers to close about a dozen locks on the Illinois River and the Mississippi River north of St. Louis late last week.

Apr 22, 2013

Floods, barge accidents halt Mississippi River traffic

April 22 (Reuters) – Barge shipping on the Illinois River
and parts of the Mississippi River was at a standstill on Monday
as flooding forced the closure of numerous locks and crews
worked to recover dozens of barges that broke free in
flood-swollen currents.

The U.S. Coast Guard will close a section of the Illinois
River near Peoria to all traffic later on Monday to protect
levees, and was considering shipping restrictions in other areas
as heavy currents made navigation treacherous.

Apr 19, 2013

Floods shut Mississippi, Illinois river locks -Army Corps

April 19 (Reuters) – Barge shipping was halted Friday on
parts of the Illinois and Mississippi rivers as flooding forced
the closure of several locks until at least the middle of next
week, the U.S. Army Corps of Engineers said Friday.

Eight Mississippi River locks, from Lock 15 at Rock Island,
Illinois, to Lock 22 at Saverton, Missouri, were closed between
Thursday evening and Friday morning as water in the rain-swollen
river overtopped the dams, said Rob Germann, operations manager
for the Army Corps’ Mississippi River project, Rock Island
district.

Apr 19, 2013

Rains wash away U.S. drought, shifting farm economy’s prospects

CHICAGO, April 19 (Reuters) – Torrential downpours across a
broad swath of the U.S. Midwest this week are easing the worst
drought in more than 50 years, flooding streams, snarling river
transportation, stalling corn plantings – and changing the
outlook for the American farm economy in 2013.

The Army Corps of Engineers is closing locks along a
150-mile stretch of the Mississippi River from roughly Davenport
in Iowa to Hannibal, Missouri. Barge traffic was backing up
Thursday, as water levels were too high for barges to take on
grain.

Apr 18, 2013

Mississippi River locks 16-22 to close due to flood-Army Corps

April 18 (Reuters) – Seven Mississippi River locks between
Muscatine, Iowa, and Saverton, Missouri, were expected to close
beginning on Friday as the rain-swollen waterway rises above
flood stage, the U.S. Army Corps of Engineers said on Thursday.

The closures of Locks 16 through 22 will effectively shut
the river to commercial navigation from central Iowa to northern
Missouri.

Apr 11, 2013

China hungry for more U.S. SRW wheat after big purchase-trade

April 11 (Reuters) – China’s largest purchase of U.S. soft
red winter (SRW) wheat in at least nine years on Thursday should
be followed by more big purchases this year as Beijing rebuilds
depleted reserves and takes advantage of cheap imports to meet
its growing need for livestock feed, analysts and trade sources
said.

The U.S. Department of Agriculture on Thursday said private
dealers sold 360,000 tonnes of U.S. SRW wheat to China for
shipment in the 2013/14 (June/May) marketing year. That is part
of a larger deal that was announced in China last week.

Apr 9, 2013

Forecasting US corn stocks gets complicated after baffling report

CHICAGO, April 9 (Reuters) – Grain analysts continue to
scratch their heads over a huge corn stocks estimate released by
the U.S. government in late March, leading them to an unusually
wide range of estimates for the next world agricultural supply
and demand report (WASDE) from the U.S. Department of
Agriculture report on Wednesday.

One division of USDA – the World Agricultural Outlook Board
(WAOB) – will issue the monthly forecasts of how much grain
will be produced and consumed worldwide in the coming year,
including its view of how much corn will be left in the United
States on Aug. 31, the end of the marketing year in the world’s
biggest grain exporting nation.