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STOP PRESS

09/02/2021

Louisiana Export Terminals Impacted by Hurricane Ida

 

According to press reports, the Cargill export terminal on the Mississippi at Reserve, LA sustained extensive damage from Hurricane Ida.  Other grain terminals were impacted but not to the same extent according to reports from Bunge and ADM.  The major problem is the supply of power which may not be restored for three to four weeks.

 

Faced with a prolonged shutdown, major grain trading companies are evaluating alternatives.