# Dredging Project Readies Mississippi River for Efficient Soy Transportation | United Soybean Board

> The United Soybean Board announced that the Army Corps of Engineers and Louisiana will fund and proceed with deepening the lower Mississippi River from 45 to 50 feet. The board said checkoff-funded research informed the launch. The project is intended to move soybeans in higher quantities at lower cost.

- Date: 2020-07-31 · published 2020-07-31T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/52013-dredging-project-readies-mississippi-river-for-efficient-soy-transportation
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower freight costs on the lower Mississippi should help narrow the gap between Gulf export prices and interior soybean prices over time.

## Read by commodity

- SOY: bullish ▲
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-08-04 | [Dredging Project Readies Mississippi River for Efficient Soy Transportation - U.S. Soybean Export Council](https://feedsoft.ai/events/51508-dredging-project-readies-mississippi-river-for-efficient-soy-transportation-u-s.md) | -2.3% | +6.0% |
| SOY | 2020-07-31 | [Dredging project cleared to boost Mississippi River capacity](https://feedsoft.ai/events/52012-dredging-project-cleared-to-boost-mississippi-river-capacity.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 | 2020-02-13 | [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 | 2020-09-08 | [Investments in Mississippi River Dredging Improve Export Efficiency — Louisiana Farm Bureau News](https://feedsoft.ai/events/51003-investments-in-mississippi-river-dredging-improve-export-efficiency-louisiana.md) | +5.1% | +5.4% |

## Sources

- unitedsoybean.org: https://unitedsoybean.org/hopper/dredging-project-readies-mississippi-river-for-efficient-soy-transportation/

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