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Dredging of the lower Mississippi has reached 48 feet on the first 150 miles from the Gulf, with 50 feet targeted. Full completion over the 256-mile Baton Rouge to Gulf stretch is expected in two to four years.
Deeper channels allow larger, cheaper cargoes for soybean and corn exports, which narrows export basis and supports farm prices over time.
brownfieldagnews.comJan 11, 2022After 206 past bullish logistics events, SOY moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% over 20.
After 285 past bullish logistics events, CORN moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.
Not 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.
