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The US Army Corps of Engineers plans to deepen 64 miles of the Mississippi River between Baton Rouge and the Gulf by five feet in two roughly two-year phases. Port strategist John Vickerman says the project will allow larger vessels and mid-stream transfers, reducing costs for grain exporters.
Deeper channels lower ocean freight costs for grain exports over the long term, a structural change that narrows the gap between inland and export prices, though it has no near-term price effect.
brownfieldagnews.comMar 11, 2020Not enough comparable past events yet for a historical read.
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.
