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The Army Corps of Engineers plans a $237.7 million project to deepen the Mississippi River channel to Baton Rouge from 45 to 50 feet. Local industries and the Port of Baton Rouge expect to benefit from larger loads.
The project appears likely to proceed.
Deeper channels let barges carry heavier loads, which can lower per-ton freight costs for grain exports from the Gulf. The benefit is long term and depends on the project's completion.
businessreport.comSam BarnesDec 13, 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.
