U.S Wheat Exports Drop To 20-year Low As Mississippi River Dries Up

Wheat shipments in the United States fell to their lowest level in history, constrained by a dried-up Mississippi River and subsequent competition from plentiful global grain supply.

Drought has reportedly dried up Mississippi, where approximately two-thirds of the US grain exports historically have been transported on barges to the US Gulf.

The water levels have enhanced from the previous month’s record low, but the crop buyers of the world have been buying more supplies from other places.

That’s limited demand for the US grain and has also resulted in the nation losing its status as the top shipper of choice.

Export examinations of American wheat in the week ended 2 November totalled 71,608 metric tons, with some wheat transported from Duluth, Minnesota, via the Great Lakes but nothing virtually on the Mississippi River, per the US Department of Agriculture. Per records, that’s the smallest total in the weekly USDA data dating to 1983.

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U.S Wheat Exports Drop To 20-year Low As Mississippi River Dries Up appeared first on Marine Insight – The Maritime Industry Guide

Source: Maritime Shipping News