According to the National Weather Service (NWS), the water level on the upper Mississippi River is expected to reach its highest since 2001. The NWS weather forecast station at La Crosse, Wisconsin, reports that “the chance for a top five flood on record is high at all sites.” Snow melt and precipitation are causing the high-water levels. According to data from today, there are 99 gauges where the measurements are in flood categories. The U.S. Geological Survey (USGS) map below shows streamflow conditions along the Mississippi and tributaries.
The current lock and dam closures in the upper Mississippi include: Lower St. Anthony Falls Minneapolis; #1, Minneapolis; #3, Welch, Minnesota; Alma, Wisconsin; #5 Minnesota City...
What You Need to Know Today: Agricultural commodities were mostly lower on the day, with red-hot soyoil a notable exception. Export sales were a bit underwhelming, particularly for corn with export sales down 52 percent week-over-week. The weakness in ag markets tracked crude oil weakness wit...
With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress. During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...
Food Inflation The Open Markets Institute, which is notably funded by several “anonymous” donors and liberal foundations, obtained a guest editorial in the New York Times in which they blame agribusiness concentration for higher grocery prices. This is their schtick and it is politi...
