# Funding go-ahead for Mississippi River deepening seen as boon for exports - FreightWaves

> Louisiana signed a partnership agreement with the U.S. Army Corps of Engineers that unlocks federal funding for a $250 million project to deepen 256 miles of the lower Mississippi River from 45 to 50 feet. Dredging contracts can now be issued, with completion possible as early as 2024. Larger vessels will be able to load fully at river ports as far north as Baton Rouge.

- Date: 2020-08-03 · published 2020-08-03T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/51505-funding-go-ahead-for-mississippi-river-deepening-seen-as-boon-for-exports
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Deeper channels let bulk vessels load fully upriver instead of partially loading and transferring cargo at the Gulf, which should lower shipping costs for soybeans and corn exports and support Gulf basis and export competitiveness over time.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- BARGE: 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 | 2020-08-06 | [Mississippi River dredging seeks to increase US soy exports](https://feedsoft.ai/events/51509-mississippi-river-dredging-seeks-to-increase-us-soy-exports.md) | +1.0% | +9.1% |
| SOY | 2019-07-26 | [Barge traffic on Mississippi slowly recovering - FreightWaves](https://feedsoft.ai/events/57963-barge-traffic-on-mississippi-slowly-recovering-freightwaves.md) | -4.0% | -3.0% |
| 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% |
| CORN | 2020-08-06 | [Deepening Lower Mississippi River \| Iowa Soybean Association](https://feedsoft.ai/events/51507-deepening-lower-mississippi-river-iowa-soybean-association.md) | +1.4% | +8.8% |
| CORN | 2019-07-26 | [Barge traffic on Mississippi slowly recovering - FreightWaves](https://feedsoft.ai/events/57963-barge-traffic-on-mississippi-slowly-recovering-freightwaves.md) | -2.2% | -10.6% |
| CORN | 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) | +1.1% | +4.7% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/funding-go-ahead-for-mississippi-river-deepening-seen-as-boon-for-exports

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