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A report commissioned by the Soy Transportation Coalition says dredging the Lower Mississippi River would benefit farmers by maintaining a reliable link to domestic and international markets. The Missouri Soybean checkoff distributed the summary, with Executive Director Mike Steenhoek quoted on the cost-effectiveness of the project.
Reliable low-cost river access supports Gulf export basis for soybeans and corn, which is a modest long-term positive for U.S. soybean and corn prices. The report does not change near-term supply or demand.
brownfieldagnews.comNov 26, 2018After 206 past bullish logistics events, Soybeans 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.
