# Deepening of Mississippi River will benefit farmers - Supply Chain Council of European Union | Scceu.org

> 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.

- Date: 2020-09-17 · published 2020-09-17T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/50999-deepening-of-mississippi-river-will-benefit-farmers-supply-chain-council-of
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower freight costs on the Mississippi should improve export competitiveness and farm-gate soybean values, though the benefit arrives only after the 2021 completion.

## Read by commodity

- SOY: bullish ▲
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-08-06 | [Deepening Lower Mississippi River \| Iowa Soybean Association](https://feedsoft.ai/events/51507-deepening-lower-mississippi-river-iowa-soybean-association.md) | +1.0% | +9.1% |
| SOY | 2020-09-16 | [Mississippi River Ship Channel Deepening to 50 Feet Begins \| Port NOLA](https://feedsoft.ai/events/50998-mississippi-river-ship-channel-deepening-to-50-feet-begins-port-nola.md) | +2.8% | +5.3% |
| SOY | 2020-02-13 | [A Deeper Mississippi River Will Improve the Economics of Soybean Exports](https://feedsoft.ai/events/54493-a-deeper-mississippi-river-will-improve-the-economics-of-soybean-exports.md) | +0.0% | -4.2% |
| SOY | 2018-11-26 | [Report: River dredging will benefit farmers - Brownfield Ag News](https://feedsoft.ai/events/61939-report-river-dredging-will-benefit-farmers-brownfield-ag-news.md) | +1.6% | +0.3% |
| SOY | 2020-08-04 | [Dredging Project Readies Mississippi River for Efficient Soy Transportation - U.S. Soybean Export Council](https://feedsoft.ai/events/51508-dredging-project-readies-mississippi-river-for-efficient-soy-transportation-u-s.md) | -2.3% | +6.0% |

## Sources

- scceu.org: https://scceu.org/deepening-of-mississippi-river-will-benefit-farmers/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.