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A Soy Transportation Coalition study estimates the lower Mississippi deepening will save 13 cents per bushel in freight and add $461 million in revenue for U.S. soybean farmers. The project will allow ocean vessels to carry 500,000 more bushels each and is expected to be completed in fall 2021.
About 60% of U.S. soybeans leave via the lower Mississippi.
Lower freight costs on the Mississippi should improve export competitiveness and farm-gate soybean values, though the benefit arrives only after the 2021 completion.
scceu.orgSep 17, 2020After 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.
