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DTN reports the Army Corps is funding about $85 million to dredge the lower Mississippi to 50 feet, allowing Panamax ships to reach ports serving the Gulf. Advocates say the deeper channel will boost soybean revenues by about $450 million a year, based on a 2018 study.
Access for larger Panamax vessels should lower per-ton ocean freight for U.S. grain and improve competitiveness against Brazilian supply, which is supportive for U.S. soybean and corn values.
dtnpf.comChris ClaytonFeb 14, 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.
