# State of Louisiana, U.S. Army Corps of Engineers Sign… | Port NOLA

> Louisiana officials signed a formal agreement with the US Army Corps of Engineers to begin deepening the Lower Mississippi River from 45 feet to 50 feet. The project will allow larger vessels to reach ports from Baton Rouge down to the Gulf, including New Orleans and Plaquemines.

- Date: 2020-07-31 · published 2020-07-31T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/52281-state-of-louisiana-u-s-army-corps-of-engineers-sign-port-nola
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Deeper draft access lets larger vessels load heavier cargoes at Gulf export elevators, which can lower per-tonne ocean freight costs for grain and oilseed exports. The effect is long-term, as construction has only just begun.

## Read by commodity

- SOY: neutral
- CORN: neutral
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-06-02 | [Port of South Louisiana & Waterways Council Inc say U.S. infrastructure upgrades vital \| Air Freight News](https://feedsoft.ai/events/16708-port-of-south-louisiana-and-waterways-council-inc-say-u-s-infrastructure.md) | +4.8% | +3.2% |
| CORN | 2023-06-28 | [Corps of Engineers forecasts full river navigation season \| Jefferson City News Tribune](https://feedsoft.ai/events/35678-corps-of-engineers-forecasts-full-river-navigation-season-jefferson-city-news.md) | -7.6% | -0.5% |
| CORN | 2022-06-23 | [Army Corps share early construction timeline of Lock and Dam 25 expansion \| National \| farmweeknow.com](https://feedsoft.ai/events/16703-army-corps-share-early-construction-timeline-of-lock-and-dam-25-expansion.md) | +1.6% | -10.7% |
| CORN | 2024-06-06 | [Port strike suspended at Argentine grains hub, ensuring flow of goods \| Reuters](https://feedsoft.ai/events/13916-port-strike-suspended-at-argentine-grains-hub-ensuring-flow-of-goods-reuters.md) | +6.9% | -1.4% |
| CORN | 2023-07-21 | [EXCLUSIVE: Romanian port can ship more Ukraine grain after collapse of Black Sea deal \| Reuters](https://feedsoft.ai/events/14375-exclusive-romanian-port-can-ship-more-ukraine-grain-after-collapse-of-black-sea.md) | +9.5% | -5.9% |
| SOY | 2018-12-10 | [Panama Canal, Port of Itaqui sign agreement - FreightWaves](https://feedsoft.ai/events/61481-panama-canal-port-of-itaqui-sign-agreement-freightwaves.md) | -1.8% | -1.1% |
| SOY | 2022-06-23 | [Army Corps share early construction timeline of Lock and Dam 25 expansion \| National \| farmweeknow.com](https://feedsoft.ai/events/16703-army-corps-share-early-construction-timeline-of-lock-and-dam-25-expansion.md) | +1.3% | -14.2% |
| SOY | 2018-12-10 | [Panama Canal Signs Agreement with Port of Itaqui - Autoridad del Canal de Panamá](https://feedsoft.ai/events/61480-panama-canal-signs-agreement-with-port-of-itaqui-autoridad-del-canal-de-panama.md) | -1.8% | -1.1% |

## Sources

- portnola.com: https://portnola.com/info/news-media/press-releases/state-of-louisiana-u-s-army-corps-of-engineers-sign-agreement-to-deepen-lower-mississippi-river-to-50-feet

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