A grain export elevator in Louisiana owned by Cargill Inc. was damaged, and CHS Inc. said its grain facility may lack power for several weeks after Hurricane Ida ripped through the busiest grain port in the United States on Sunday, according to a Reuters report.
Cargill said its Reserve, LA, terminal, one of two the company operates along the Mississippi River near the Gulf of Mexico, “sustained significant damage.”
Bunge Ltd. and Archer Daniels Midland Co. said they were assessing damage to their area export facilities.
The storm has disrupted grain and soybean shipments from the Gulf Coast, which accounts for about 60% of U.S. exports.
To read the full Reuters report, click here.
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