Loading…
The Crescent River Port Pilots Association raised its maximum draft recommendation to 48 feet for a 150-mile stretch of the Lower Mississippi on December 20, 2021. Full deepening to 50 feet to Baton Rouge is expected in two to three more years.
Allowing deeper loads now reduces export freight costs for the 256-mile stretch handling 60% of US soybean and 59% of corn exports, supporting farm-level prices.
waterwaysjournal.netWaterways JournalJan 7, 2022After 206 past bullish logistics events, Soybeans 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.
