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Louisiana legislators earmarked $230.5 million for the Port of New Orleans, with $150 million going to the proposed Louisiana International Terminal and $50 million to the St. Bernard Transportation Corridor. The terminal is expected to open around 2028 with 280,000 TEUs of capacity, though groundbreaking awaits federal permitting.
This is long-term infrastructure investment with no near-term effect on grain flows or prices, though it may eventually expand container and bulk export capacity from the Gulf.
commerceexpressinc.comJun 17, 2024Not 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.
