Farm Futures
Soybean exports for the 2021-22 season did not get off to the best of starts with Hurricane Ida ravaging the Louisiana Gulf Coast and causing significant damage to both humans as well as residential and commercial properties in early September.
Several export facilities were closed for a period of time with Cargill’s Reserve elevator perhaps incurring the worst damage. September is of course, a critical month for the ramping up of U.S. corn/soybean exports and re-building the pipeline. Various reports suggested that as much as 45-50% of the Gulf’s export capacity was impaired for the month.