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Senator Joni Ernst pressed Army Corps leadership to fund deepening the Mississippi River Ship Channel from 45 to 50 feet, a stretch through which more than half of US corn and soybean exports move. She cited the recent USMCA passage and the US-China phase one agreement as context for farm export competitiveness.
Deeper channels would lower per-ton shipping costs and support Gulf export basis, but the project is only at the advocacy stage and has no immediate price effect.
ernst.senate.govJan 30, 2020Not enough comparable past events yet for a historical read.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.
After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% over 20.
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.
