The water level of the Mississippi River is unusually low for the third straight year, forcing barge companies to put limits on how much cargo they can carry and cutting into farm profits. It was just two months ago that much of the Mississippi River was above flood stage north of St. Louis. Since then, the river level has dropped steadily.
Speaker Mike Johnson calls off a House vote on a bill to avoid a partial government shutdown as the GOP plan hits bipartisan opposition.FILE - Barges float in the Mississippi River as a portion of the riverbed is exposed, Sept. 15, 2023, in St. Louis . It was just two months ago that much of the Mississippi River was above flood stage north of St. Louis . Since then, the river level has dropped steadily. The area south of St.
Meanwhile, costs were up sharply. Freight rates originating in St. Louis were 8% higher than the same period last year and up 57% compared to the three-year average. Freight rates originating in Memphis were 10% higher than last year, and 63% higher than the three-year average. But farmers usually don’t have that option because their product that moves on barges is being sold internationally. If American soybean prices rise, the foreign buyer can purchase from another country, Steenhoek said.
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