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The U.S. Army Corps of Engineers began dredging the Mississippi River ship channel to 50 feet on September 11, 2020, starting with the Weeks Marine dredge Captain Frank. A second dredge from Manson Construction is expected to join in late September, with the first phase planned for completion in 2021.
Deeper channel access lets larger vessels load more grain per trip, which can lower ocean freight cost per bushel and support Gulf export basis over the long term.
portnola.comSep 16, 2020
ajot.comAJOTSep 16, 2020Not enough comparable past events yet for a historical read.
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.
After 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.
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.
