# Dredging down the Mississippi may lift crop prices up north - DredgeWire : DredgeWire

> The Army Corps will spend $85.4 million to deepen the Mississippi River mouth to 50 feet, enabling ocean vessels to load more grain at upriver terminals. The project could start this fall, though its effect on Minnesota prices is debated.

- Date: 2020-02-20 · published 2020-02-20T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/54496-dredging-down-the-mississippi-may-lift-crop-prices-up-north-dredgewire
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower shipping costs from deeper channels could lift Midwest elevator bids over time, though the timing and size of the benefit are uncertain and the Southwest Pass remains a bottleneck.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-12-15 | [Corps is taking the deep route—Mississippi River channel to 50 ft - DredgeWire : DredgeWire](https://feedsoft.ai/events/16741-corps-is-taking-the-deep-route-mississippi-river-channel-to-50-ft-dredgewire.md) | -3.5% | +1.2% |
| CORN | 2020-07-31 | [Soy Growers Lauding New Dredging Plan on Mississippi -](https://feedsoft.ai/events/52017-soy-growers-lauding-new-dredging-plan-on-mississippi.md) | -0.7% | +7.0% |
| CORN | 2018-11-20 | [Dredging the Mighty Mississippi: Why only 5 feet measure up - American Soybean Association](https://feedsoft.ai/events/61938-dredging-the-mighty-mississippi-why-only-5-feet-measure-up-american-soybean.md) | -1.1% | +7.6% |
| CORN | 2020-08-03 | [Partnership signed to begin dredging lower Mississippi - Brownfield Ag News](https://feedsoft.ai/events/51506-partnership-signed-to-begin-dredging-lower-mississippi-brownfield-ag-news.md) | -1.4% | +7.2% |
| CORN | 2022-01-11 | [Progress on Lower Mississippi River dredging helps growers - Brownfield Ag News](https://feedsoft.ai/events/16736-progress-on-lower-mississippi-river-dredging-helps-growers-brownfield-ag-news.md) | -2.8% | +4.1% |
| SOY | 2021-12-15 | [Corps is taking the deep route—Mississippi River channel to 50 ft - DredgeWire : DredgeWire](https://feedsoft.ai/events/16741-corps-is-taking-the-deep-route-mississippi-river-channel-to-50-ft-dredgewire.md) | +3.9% | +10.5% |
| SOY | 2021-10-11 | [How Dredging the Mississippi River Could Uncover $461 Million - AgWeb](https://feedsoft.ai/events/44431-how-dredging-the-mississippi-river-could-uncover-461-million-agweb.md) | -2.0% | -4.1% |
| SOY | 2020-07-31 | [Soy Growers Lauding New Dredging Plan on Mississippi -](https://feedsoft.ai/events/52017-soy-growers-lauding-new-dredging-plan-on-mississippi.md) | -1.2% | +5.1% |

## Sources

- dredgewire.com: https://dredgewire.com/dredging-down-the-mississippi-may-lift-crop-prices-up-north/

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