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An AgWeb feature reports that dredging the lower Mississippi from 45 to 50 feet could allow ships to load about 0.5 million more bushels of soybeans each, potentially adding $461 million annually to the US soybean industry. The Mississippi River Ship Channel Dredging Project started in 2020 and is scheduled for completion in 2022.
Deeper channels would lower per-bushel shipping costs for Gulf soybean exports over time, a structural improvement to export basis rather than an immediate price shock.
agweb.comOct 11, 2021After 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.
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.
