# Deepening Lower Mississippi River | Iowa Soybean Association

> The Iowa Soybean Association reported that the recent partnership agreement has officially launched the lower Mississippi River deepening project. A Soy Transportation Coalition study estimates a $71 million benefit to farmers from the deepening of the 256-mile stretch. The stretch handles 60% of U.S. soybean exports and 59% of corn exports.

- Date: 2020-08-06 · published 2020-08-06T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/51507-deepening-lower-mississippi-river-iowa-soybean-association
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower freight costs on the river should narrow basis discounts for Iowa and other Midwest origins, supporting farm-gate soybean and corn prices as export logistics improve.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2019-08-16 | [Mississippi River Congestion Still Weighs on Soybean Market](https://feedsoft.ai/events/57485-mississippi-river-congestion-still-weighs-on-soybean-market.md) | -0.2% | +3.1% |
| SOY | 2018-11-20 | [Dredging the Mighty Mississippi: Why only 5 feet measure up - American Soybean Association](https://feedsoft.ai/events/61938-dredging-the-mighty-mississippi-why-only-5-feet-measure-up-american-soybean.md) | +0.2% | +3.0% |
| SOY | 2020-08-03 | [Funding go-ahead for Mississippi River deepening seen as boon for exports - FreightWaves](https://feedsoft.ai/events/51505-funding-go-ahead-for-mississippi-river-deepening-seen-as-boon-for-exports.md) | -3.0% | +5.9% |
| SOY | 2020-08-11 | [Dredging of Mississippi River means more soybeans moved to port \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/51510-dredging-of-mississippi-river-means-more-soybeans-moved-to-port-iowa.md) | +4.1% | +11.0% |
| CORN | 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) | +1.0% | +1.3% |
| CORN | 2018-11-20 | [Dredging the Mighty Mississippi: Why only 5 feet measure up - American Soybean Association](https://feedsoft.ai/events/61938-dredging-the-mighty-mississippi-why-only-5-feet-measure-up-american-soybean.md) | -1.1% | +7.6% |
| CORN | 2020-08-03 | [Funding go-ahead for Mississippi River deepening seen as boon for exports - FreightWaves](https://feedsoft.ai/events/51505-funding-go-ahead-for-mississippi-river-deepening-seen-as-boon-for-exports.md) | -1.4% | +7.2% |

## Sources

- iasoybeans.com: https://www.iasoybeans.com/newsroom/article/deepening-lower-mississippi-river-to-enhance-key-link-in-iowa-soybean-farmers-supply-chain

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