Drought Shrinks Mississippi River, Slowing Wheat Exports to 20-Year Low
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US wheat exports dropped to a 20-year low due to drought shrinking the Mississippi River and global competition
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The Mississippi River is a major shipping route for US grain, but low water levels have limited barge traffic
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Crop buyers have turned to other suppliers, reducing demand for US wheat
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Export inspections totaled only 71,608 metric tons last week, with minimal Mississippi River shipments
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Competition from ample global grain supplies has also hampered US wheat exports