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Ag News Update reports that the United Soybean Board's checkoff-funded research helped launch the Army Corps dredging of the Mississippi from 45 to 50 feet. The stretch serves a region that accounts for 60% of soybean trade and 59% of corn trade.
The article calls the 256-mile section a top infrastructure priority.
Deeper channels should lower barge and ocean freight costs for soybean and corn exports from the Midwest, supporting export competitiveness over time.
allagnews.comTony St. JamesJul 31, 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.
After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% 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.
