Dry and High: The Mississippi’s Low Water Levels Threaten to Drive Up Food Prices

Doug McIntyre discusses the alarming situation with the Mississippi River’s declining water levels, which are disrupting a large part of the U.S. farming industry. A report from Bloomberg reveals that barges, crucial for transporting agricultural products from the Midwest, can no longer navigate the river effectively. This blockage hinders the movement of crops from key farming states like Iowa, Ohio and Illinois, preventing them from reaching processing facilities and distribution channels. The resulting supply shortages are expected to drive up food prices in the coming months, potentially leading to another round of food-price inflation.