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The U.S. Army Corps of Engineers is deepening the lower Mississippi River ship channel under a $238 million project. Ships began using a 48-ft controlling draft in December, the first change since the 47-ft standard set in the 1980s, with a 50-ft target still ahead.
Deeper draft allows larger vessels to load more fully at Gulf export elevators, which can lower per-ton ocean freight for grain and meal shipments over time.
enr.comC.J. SchexnayderFeb 7, 2022Not enough comparable past events yet for a historical read.
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.
