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Baird Maritime reported that the Army Corps of Engineers and Louisiana will fund deepening of a 411-kilometre section of the lower Mississippi River. The Soy Transportation Coalition says the section handles about 60% of U.S. soybean exports.
USB research estimates savings of up to $0.13 per bushel in freight and about $461 million in added farmer revenue.
Estimated freight savings of up to $0.13 per bushel could improve farm-gate soybean returns and export competitiveness, which supports soybean prices over the longer term.
bairdmaritime.comBaird MaritimeAug 6, 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.
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.
