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Louisiana officials and the Big River Coalition marked the completion of the first two phases of deepening the Mississippi River Ship Channel to 50 feet. The deeper draft is currently available to the Huey P.
Long Bridge, with further work needed farther upriver.
Deeper draft lets larger vessels load more cargo at New Orleans, which can lower per-ton ocean freight costs for grain exports over time.
airfreight.newsAug 19, 2022Not enough comparable past events yet for a historical read.
After 1,054 past logistics events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.5%), and -0.0% over 20.
After 837 past logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.5% to +2.0%), and +0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
