# Dredging project cleared to boost Mississippi River capacity

> 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.

- Date: 2020-07-31 · published 2020-07-31T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/52012-dredging-project-cleared-to-boost-mississippi-river-capacity
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Deeper channels allow bigger vessel loads, which should lower per-bushel freight costs and support soybean export competitiveness over the long term.

## Read by commodity

- SOY: bullish ▲
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-02-13 | [Mississippi River project approved, more corn and soybean export capacity expected](https://feedsoft.ai/events/54495-mississippi-river-project-approved-more-corn-and-soybean-export-capacity.md) | +0.0% | -4.2% |
| SOY | 2020-07-31 | [Dredging Project Readies Mississippi River for Efficient Soy Transportation \| United Soybean Board](https://feedsoft.ai/events/52013-dredging-project-readies-mississippi-river-for-efficient-soy-transportation.md) | -1.2% | +5.1% |
| SOY | 2020-07-31 | [Follow Our Lead: Mississippi River Dredging Work Proceeds as Planned](https://feedsoft.ai/events/52014-follow-our-lead-mississippi-river-dredging-work-proceeds-as-planned.md) | -1.2% | +5.1% |
| 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 | 2020-02-14 | [Mississippi River Dredging Offers Ag Commodity Shipping Opportunities](https://feedsoft.ai/events/54498-mississippi-river-dredging-offers-ag-commodity-shipping-opportunities.md) | -0.6% | -5.5% |

## Sources

- farmprogress.com: https://www.farmprogress.com/wheat/dredging-project-cleared-to-boost-mississippi-river-capacity

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