# Army Corps to spend $732M on Mississippi River lock upgrade | AP News

> The US Army Corps of Engineers will spend $732 million to expand a Mississippi River lock and dam system. The existing single 600-foot chamber cannot fit large 15-barge tows.

- Date: 2022-01-20 · published 2022-01-20T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/16740-army-corps-to-spend-732m-on-mississippi-river-lock-upgrade-ap-news
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Larger lock capacity over the long term cuts barge transit time and cost for corn and soybean shipments, though the benefit arrives only after construction.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- BARGE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-01-14 | [VOA标准英语2012--US Army Corps of Engineers Works to Avert Crisis on Mississippi River-英语课](https://feedsoft.ai/events/60989-voa-2012-us-army-corps-of-engineers-works-to-avert-crisis-on-mississippi-river.md) | +0.5% | -0.1% |
| CORN | 2022-01-11 | [Progress on Lower Mississippi River dredging helps growers - Brownfield Ag News](https://feedsoft.ai/events/16736-progress-on-lower-mississippi-river-dredging-helps-growers-brownfield-ag-news.md) | -2.8% | +4.1% |
| CORN | 2017-05-01 | [Mississippi River likely to close at St. Louis as waters rise: Coast Guard](https://feedsoft.ai/events/70894-mississippi-river-likely-to-close-at-st-louis-as-waters-rise-coast-guard.md) | +1.1% | +4.2% |
| CORN | 2021-12-15 | [Corps is taking the deep route—Mississippi River channel to 50 ft - DredgeWire : DredgeWire](https://feedsoft.ai/events/16741-corps-is-taking-the-deep-route-mississippi-river-channel-to-50-ft-dredgewire.md) | -3.5% | +1.2% |
| CORN | 2020-08-06 | [Deepening Lower Mississippi River \| Iowa Soybean Association](https://feedsoft.ai/events/51507-deepening-lower-mississippi-river-iowa-soybean-association.md) | +1.4% | +8.8% |
| SOY | 2019-01-14 | [VOA标准英语2012--US Army Corps of Engineers Works to Avert Crisis on Mississippi River-英语课](https://feedsoft.ai/events/60989-voa-2012-us-army-corps-of-engineers-works-to-avert-crisis-on-mississippi-river.md) | +1.9% | +0.6% |
| SOY | 2022-01-11 | [Progress on Lower Mississippi River dredging helps growers - Brownfield Ag News](https://feedsoft.ai/events/16736-progress-on-lower-mississippi-river-dredging-helps-growers-brownfield-ag-news.md) | -1.0% | +14.1% |
| SOY | 2017-05-01 | [Mississippi River likely to close at St. Louis as waters rise: Coast Guard](https://feedsoft.ai/events/70894-mississippi-river-likely-to-close-at-st-louis-as-waters-rise-coast-guard.md) | +1.9% | -2.0% |

## Sources

- apnews.com: https://apnews.com/article/business-missouri-mississippi-river-us-army-army-71b805fc54188a4bfed963702db9dc28

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.