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Paul Matthews, executive director of the Port of South Louisiana, says the new infrastructure bill will help Louisiana and Mississippi ports expand. He argues that lock expansion on the lower Mississippi would provide an alternative to West and East Coast port congestion.
He also cites the Corps of Engineers' January 19 funding announcement.
Expanded Gulf port and lock capacity could shift export flows toward the Mississippi, but the effects are years away and do not change current prices.
waterwayscouncil.orgWaterways CouncilFeb 2, 2022Not enough comparable past events yet for a historical read.
After 1,623 past policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% 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.
