# Follow Our Lead: Mississippi River Dredging Work Proceeds as Planned

> Soy Transportation Coalition and the United Soybean Board say dredging of the lower Mississippi is moving ahead of schedule, with groundbreaking set for July 31. The coalition estimates the project will add $461 million in revenue for soybean farmers. It says the project will save 13 cents per bushel in freight by allowing 500,000-bushel ocean vessel loads.

- Date: 2020-07-31 · published 2020-07-31T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/52014-follow-our-lead-mississippi-river-dredging-work-proceeds-as-planned
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Estimated freight savings of 13 cents per bushel would narrow transport costs for soybean exporters, supporting Gulf basis and export demand.

## Read by commodity

- SOY: bullish ▲
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-01-11 | [Progress on Lower Mississippi River dredging helps growers - Brownfield Ag News](https://feedsoft.ai/events/16736-progress-on-lower-mississippi-river-dredging-helps-growers-brownfield-ag-news.md) | -1.0% | +14.1% |
| SOY | 2020-07-31 | [Soy Growers Lauding New Dredging Plan on Mississippi -](https://feedsoft.ai/events/52017-soy-growers-lauding-new-dredging-plan-on-mississippi.md) | -1.2% | +5.1% |
| SOY | 2021-10-11 | [How Dredging the Mississippi River Could Uncover $461 Million - AgWeb](https://feedsoft.ai/events/44431-how-dredging-the-mississippi-river-could-uncover-461-million-agweb.md) | -2.0% | -4.1% |
| 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% |

## Sources

- unitedsoybean.org: https://www.unitedsoybean.org/hopper/follow-our-lead-mississippi-river-dredging-work-proceeds-as-planned/

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