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The Port of New Orleans board approved emergency authority for its CEO to sign dredging contracts above normal spending limits. Officials cited unpredictable river levels and 20 feet of siltation after high water, along with larger ships.
Keeping the river channel at authorized depth protects Gulf export capacity for grain and oilseeds, supporting reliable export flows and ocean freight rates.
neworleanscitybusiness.comLance Traweek, EditorApr 27, 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.
