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The Army Corps of Engineers has approved a $245 million project to deepen the Mississippi River from 45 to 50 feet between Baton Rouge and the Gulf of Mexico. The effort was informed by a study funded by the United Soybean Board.
The deeper channel will allow larger loads over the 256-mile stretch.
Deeper channels allow bigger vessel loads, which should lower per-bushel freight costs and support soybean export competitiveness over the long term.
farmprogress.comWillie VogtJul 31, 2020After 206 past bullish logistics events, SOY moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% 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.
