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Ag leaders are calling for better Mississippi River basin shipping infrastructure to make US farm exports more competitive. Port of South Louisiana CEO Paul Matthews cited a planned project to deepen the lower river by five feet to 50 feet so larger barges can reach the port.
He estimated the economic impact at more than $15.5 billion.
Deeper channels would allow larger barge loads and lower per-ton freight costs, which could narrow export basis for US grains, but the project is still proposed and would not affect near-term prices.
1230kfjb.comAshley AndersonMay 20, 2022Not enough comparable past events yet for a historical read.
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.
