Loading…
The U.S. Army Corps of Engineers approved funding to deepen the lower Mississippi River, with the project expected to benefit soybean exporters. The Soy Transportation Coalition estimates annual benefits of about $461 million for U.S. soybean farmers.
Deeper channels allow larger ships to load more grain upriver, which should lower freight costs and narrow basis gaps for Corn Belt farmers, supportive for U.S. soybean and corn export competitiveness over the longer term.
agriculture.comTrevor HolbrookFeb 13, 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.
