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The U.S. Army Corps of Engineers and the State of Louisiana signed an agreement to begin dredging a 154-mile segment of the lower Mississippi River. The first phase is expected to start in late summer or early fall.
The United Soybean Board has allocated $2 million toward planning and design costs.
Improved channel depth is expected to cut freight costs and allow larger ships to carry more soybeans and grain from the export terminals, supporting export demand and Gulf basis over the medium term.
brownfieldagnews.comAug 3, 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.
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.
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.
