Power outages slash US Gulf Coast grain exports even as river reopens
The Cattle Site
08 September 2021
Grain exports from US Gulf Coast terminals in southern Louisiana remained severely limited on 7 September, even after the US Coast Guard reopened the lower Mississippi River to shipping traffic over the weekend.
Reuters reports that a large terminal near Baton Rouge owned by Louis Dreyfus Co has resumed loading export vessels. But lingering power outages kept most of about a dozen other terminals in the area shuttered, more than a week after Hurricane Ida roared through the busiest US export outlet for grains.
Just weeks before peak grain export season, Ida roared through and crippled grain and oilseed shipments from the Gulf Coast, outlet for about 60% of US exports.
Export inspections last week of US soybeans, a gauge for eventual shipments, were the lowest in seven years, US Department of Agriculture (USDA) data showed. No soybeans were inspected in the Gulf, the data showed...