Top Tweets for #softcomodities

🌊Water levels on the Mississippi and Ohio rivers are falling for a second straight year, raising the prospect of shipping problems along the all-important US freight routes ⚠️ Is this concerning? 🤔 Absolutely, the inland waterway system of the US is a major freight route that moves many agricultural commodities such as corn, wheat and soybeans 🌽🌾🌱 How do low water levels effect shipping? ♒ When low water levels persist, you cannot load river barges to their maximum capacity because you risk the barge or vessel becoming grounded ⚓️⬇️ Basically, that means your barge hits the bottom of the river and gets stuck and possibly damaged 🚧⛴️ No one wants that 🙅 How is this averted? ⚠️ You simply load less tonnage of the commodity you are shipping on the barge 🏗️⬇️⛴️ Since you can't load as much weight on the barge, the costs of shipping go up, because more barges are needed to ship goods down the river 🚢 💵⬆️

🇵🇱 Polish wheat cargo rejected in the United States🌾 It's official, that cargo everyone's been talking about has been rejected by United States Customs and Border Protection for containing "prohibited seeds" The vessel was carrying 30,000 metric tons of Polish wheat on board the bulk vessel, "Yochow" 🚢 The cargo will now have to find a buyer and a country that will be willing to accept it