# Crucial river deepening moves forward, awaits needed funding | L'Observateur

> 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.

- Date: 2018-09-05 · published 2018-09-05T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/62917-crucial-river-deepening-moves-forward-awaits-needed-funding-l-observateur
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- lobservateur.com: https://lobservateur.com/2018/09/05/crucial-river-deepening-moves-forward-awaits-needed-funding/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.