# Mississippi River Dredging Offers Ag Commodity Shipping Opportunities

> 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.

- Date: 2020-02-14 · published 2020-02-14T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/54498-mississippi-river-dredging-offers-ag-commodity-shipping-opportunities
- 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

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.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-11-14 | [Mississippi River levels lift export opportunity](https://feedsoft.ai/events/16491-mississippi-river-levels-lift-export-opportunity.md) | -1.4% | -0.8% |
| 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 | 2020-08-06 | [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 | 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 | 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) | -1.0% | +14.1% |
| 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% |
| CORN | 2018-02-26 | [Flooding Halts Shipping on Illinois River, Creates Havoc on Mississippi](https://feedsoft.ai/events/66384-flooding-halts-shipping-on-illinois-river-creates-havoc-on-mississippi.md) | +1.8% | +3.2% |
| CORN | 2020-09-16 | [Mississippi River Ship Channel Deepening to 50 Feet Begins \| Port NOLA](https://feedsoft.ai/events/50998-mississippi-river-ship-channel-deepening-to-50-feet-begins-port-nola.md) | +1.1% | +4.7% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2020/02/14/mississippi-river-dredging-offers-ag

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