The Army Corps of Engineers and Congress approved deepening the shipping channel on the lower Mississippi River from Baton Rouge to the Gulf from 45 feet to a new depth of 50 feet. Soy Transportation Coalition President and CEO Mike Steenhoek says there has been a long-time push to get this done. “While farmers in the middle of the country are removed from the lower river, it is the number one export region for soybeans and corn by far onto the international marketplace.” Steenhoek says this is favorable for agriculture. “We’ll be able to load ocean vessels with more revenue-producing freight or attract larger vessels. That makes the economics of corn and soybean exports more competitive.”
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