What are the potential economic and trade impacts from Mississippi River’s low levels?
Low water levels along the Mississippi River are not only affecting those transporting goods but also for those trying to navigate the market.
USDA’s Chief Economist says as the water levels change, so do the barge rates. When water levels rose slightly, prices fell off highs that we saw last month.
Seth Meyer says that could cause farmers to take losses on crops if there are no other shipping options, especially if they have to sell in off-season markets just to move grain, which in turn would make the U.S. less competitive when it comes to exports.