[1] And, reoccurring drought conditions along the Mississippi River could impact the agricultural sector by drastically reducing shipping capacity due to lowered water levels. [2] The Mississippi River moves 500 million tons of agricultural products annually, representing an average value of $130 billion in commodities per year. [2] Nicki Clark, Mississippi River levels continue to drop, KFVS12 (June 28, 2023), https://www.kfvs12.com/2023/06/28/mississippi-river-levels-continue-drop/. R-1629 and RIN 7100-AF22; FDIC RIN 3064-AE80, U.S. Commodity Futures Trading Commission (Feb. 15, 2019), https://www.cftc.gov/sites/default/files/2019-02/SA-CCRCommentLetter021519.pdf. [12] Keynote Address of Commissioner Dan M. Berokwitz at DerivCon 2019, New York, New York, U.S. Commodity Futures Trading Commission (Feb. 27, 2019), https://www.cftc.gov/PressRoom/SpeechesTestimony/opaberkovitz2.

Source: Los Angeles Times July 19, 2023 20:13 UTC