# A Deeper Mississippi River Will Improve the Economics of Soybean Exports

> 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.

- Date: 2020-02-13 · published 2020-02-13T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/54493-a-deeper-mississippi-river-will-improve-the-economics-of-soybean-exports
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-08-06 | [Deepening Lower Mississippi River \| Iowa Soybean Association](https://feedsoft.ai/events/51507-deepening-lower-mississippi-river-iowa-soybean-association.md) | +1.0% | +9.1% |
| SOY | 2020-02-13 | [Mississippi River project approved, more corn and soybean export capacity expected](https://feedsoft.ai/events/54495-mississippi-river-project-approved-more-corn-and-soybean-export-capacity.md) | +0.0% | -4.2% |
| SOY | 2024-12-04 | [Rain swells Mississippi River, speeding U.S. soy exports \| The Western Producer](https://feedsoft.ai/events/16484-rain-swells-mississippi-river-speeding-u-s-soy-exports-the-western-producer.md) | +0.3% | +0.8% |
| SOY | 2020-08-06 | [Mississippi River dredging seeks to increase US soy exports](https://feedsoft.ai/events/51509-mississippi-river-dredging-seeks-to-increase-us-soy-exports.md) | +1.0% | +9.1% |
| SOY | 2019-08-16 | [Mississippi River Congestion Still Weighs on Soybean Market](https://feedsoft.ai/events/57485-mississippi-river-congestion-still-weighs-on-soybean-market.md) | -0.2% | +3.1% |
| CORN | 2020-08-06 | [Deepening Lower Mississippi River \| Iowa Soybean Association](https://feedsoft.ai/events/51507-deepening-lower-mississippi-river-iowa-soybean-association.md) | +1.4% | +8.8% |
| CORN | 2020-02-13 | [Mississippi River project approved, more corn and soybean export capacity expected](https://feedsoft.ai/events/54495-mississippi-river-project-approved-more-corn-and-soybean-export-capacity.md) | +1.0% | +1.3% |
| CORN | 2020-08-03 | [Funding go-ahead for Mississippi River deepening seen as boon for exports - FreightWaves](https://feedsoft.ai/events/51505-funding-go-ahead-for-mississippi-river-deepening-seen-as-boon-for-exports.md) | -1.4% | +7.2% |

## Sources

- agriculture.com: https://www.agriculture.com/news/qa-soy-transportation-coalition-executive-director-breaks-down-mississippi-river-project-impact

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