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A Soy Transportation Coalition analysis says dredging the Lower Mississippi from 45 to 50 feet would add $461 million in value for soybean farmers. The 256-mile stretch from Baton Rouge to the Gulf handles a large share of U.S. soybean and corn exports.
Funding would require federal and state investment, with maintenance paid from a federal trust fund.
Deeper channels would allow more cargo per vessel and lower the per-bushel shipping cost from the Gulf, which could support export basis and farm prices over time. The effect depends on projects that are not yet funded.
brownfieldagnews.comMark DorenkampJul 19, 2018After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% 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.
