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The Soy Transportation Coalition, backed by a $2 million United Soybean Board contribution, is supporting planning and design work to deepen the lower Mississippi from 45 to 50 feet between Baton Rouge and the Gulf. The coalition represents states producing 85 percent of US soybeans.
Lower-river deepening promises cheaper soybean export logistics over time, which could support farm-gate soybean values relative to export prices, though the benefit is years away.
bizneworleans.comMisty MiliotoMar 25, 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.
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.
