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A project to deepen the Mississippi River by five feet could start by October of next year. State officials say each foot of added depth would let a shipper load about $1 million more cargo per vessel.
The dredged sediment would be moved to Louisiana's coast to create up to 1,700 acres of wetlands.
A deeper channel allows larger, fuller barges and ships, which could lower per-tonne freight costs for grain exporters over time. Cheaper river transport would support farm-gate prices in the Midwest, though the benefit is years away.
wrno.iheart.comDec 14, 2018Not 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.
