China buys us major ham poducer8/16/2023 The locks and dams are nearly 90 years old. It also emphasizes the need to upgrade our country's infrastructure. This represents the third time this area of the river has been closed in two months. Grain barge freight rates shot higher in response. And that backlog is only expected to grow along one of the busiest stretches of the U.S. This has already backed up 22 towboats hauling more than 200 barges, according to the Army Corps. Army Corps crews will start working to remove the dike today or tomorrow, a process that could take several days. The installation of a rock dike as part of an emergency dam repair this fall paired with the high water levels made boat passage dangerous. Army Corps of Engineers closed locks and dam 52 on the Ohio River near Paducah, Kentucky yesterday due to rising water levels. Ten months into the year, China has imported 77.31 MMT of soybeans, a 15.2% jump from year-ago.Īrmy Corps closes stretch of Ohio River. China's commodity imports as a whole were disappointing in October, in part due to seasonal factors but also because the country's efforts to cut down on smog by year-end have impacted a number of industries. due to bean quality issues and logistics problems in the wake of consecutive hurricanes. Ltd., blaming shipping delays from the U.S. Its imports came in well under expectations, with Monica Tu, an analyst with Shanghai JC Intelligence Co. China imported 5.86 MMT of soybeans during October, a 2.23 MMT (27.7%) drop from September but a 650,000 MT (12.5%) increase from the year prior, according to preliminary customs data. dollar index is bouncing around unchanged while crude oil futures are slightly lower.ĭisappointing Chinese bean buys for October amid U.S. Winter wheat futures are down 1 to 3 cents in most contracts across all three flavors. Soybean futures, on the other hand, are steady to a penny higher. Corn futures are steady to fractionally lower following a quiet overnight session with buying and selling interest likely to remain limited leading up to USDA's Thursday reports. Grains lower, soybeans higher during quiet overnight session.
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