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A DTN analyst discusses plans to dredge the lower Mississippi River shipping channel from 45 to 50 feet. The Mississippi from Baton Rouge to the Gulf handles about 60% of U.S. soybean exports and 59% of corn exports.
The United Soybean Board has allocated $2 million to support the effort.
Deeper channels would allow larger vessels and could improve export basis for farmers over time. The effect is a long-term infrastructure matter, not an immediate price driver.
dtnpf.comMary KennedyAug 5, 2019After 206 past bullish logistics events, SOY moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% 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.
