# Mississippi River project approved, more corn and soybean export capacity expected

> The USACE work plan for FY2020 includes funding to deepen the Mississippi River ship channel from Baton Rouge to the Gulf from 45 to 50 feet. The area handles about 60% of U.S. soybean exports and 59% of corn exports.

- Date: 2020-02-13 · published 2020-02-13T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/54495-mississippi-river-project-approved-more-corn-and-soybean-export-capacity
- 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 can cut ocean freight and shipping costs for grain exporters, supporting farm-gate prices for Midwest corn and soybeans over time.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-07-31 | [Dredging project cleared to boost Mississippi River capacity](https://feedsoft.ai/events/52012-dredging-project-cleared-to-boost-mississippi-river-capacity.md) | -1.2% | +5.1% |
| SOY | 2020-08-04 | [Dredging Project Readies Mississippi River for Efficient Soy Transportation - U.S. Soybean Export Council](https://feedsoft.ai/events/51508-dredging-project-readies-mississippi-river-for-efficient-soy-transportation-u-s.md) | -2.3% | +6.0% |
| SOY | 2020-02-13 | [A Deeper Mississippi River Will Improve the Economics of Soybean Exports](https://feedsoft.ai/events/54493-a-deeper-mississippi-river-will-improve-the-economics-of-soybean-exports.md) | +0.0% | -4.2% |
| SOY | 2020-07-31 | [Dredging Project Readies Mississippi River for Efficient Soy Transportation \| United Soybean Board](https://feedsoft.ai/events/52013-dredging-project-readies-mississippi-river-for-efficient-soy-transportation.md) | -1.2% | +5.1% |
| SOY | 2020-08-11 | [Dredging of Mississippi River means more soybeans moved to port \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/51510-dredging-of-mississippi-river-means-more-soybeans-moved-to-port-iowa.md) | +4.1% | +11.0% |
| CORN | 2020-02-13 | [A Deeper Mississippi River Will Improve the Economics of Soybean Exports](https://feedsoft.ai/events/54493-a-deeper-mississippi-river-will-improve-the-economics-of-soybean-exports.md) | +1.0% | +1.3% |
| 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 | 2017-05-09 | [Mississippi River traffic closure causes slowdown for SEMO Port Authority](https://feedsoft.ai/events/70895-mississippi-river-traffic-closure-causes-slowdown-for-semo-port-authority.md) | +0.6% | +1.9% |

## Sources

- agriculture.com: https://www.agriculture.com/news/mississippi-river-project-approved-more-corn-and-soybean-export-capacity-expected

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