As Mississippi River rises, so do commodity prices | News

As rain feeds the Mississippi, the rising river is also buoying the commodity prices farmers are receiving at the elevators.

Months of drought throughout the Mississippi River basin dropped the river to record low levels in October; bottlenecking – and at one point halting – barge traffic between Osceola, Arkansas, and Greenville, Mississippi. With nowhere to go, corn, soybeans and other commodities piled up at the elevators. Shipping prices rose, as did the commodity backlog, which translated into lower prices for farmers.

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