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The Army Corps Director of Civil Works signed the report for deepening the Mississippi River Ship Channel to 50 feet, extending 256 miles to Baton Rouge. The project's federal share is $118.1 million and it awaits congressional appropriation of $237 million in fiscal 2019.
Deeper channels allow larger vessels to load more grain at Gulf ports, which can narrow export basis; the project still needs funding, so near-term price effects are limited.
lobservateur.comspecial.toSep 5, 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.
