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Southeast Louisiana maritime interests are pushing to dredge the lower Mississippi River to 50 feet. The U.S. Army Corps of Engineers plans a deeper channel to accommodate larger ships built after the Panama Canal expansion.
A deeper channel could eventually allow larger vessels to load more grain at Gulf ports, a possible modest support for export basis and ocean freight efficiency, but no near-term price change is implied.
bizneworleans.comChris PriceApr 6, 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.
