US Soy Exports Hit 6-Month High as Gulf Loadings Rise After Ida; Lag Year Ago Pace

US Soy Exports Hit 6-Month High as Gulf Loadings Rise After Ida; Lag Year Ago Pace
Soybeans are loaded on to a truck on Feb. 17, 2020. Jorge Adorno/Reuters
Reuters
Updated:

U.S. soybean exports jumped last week to a six-month peak, while corn shipments were the highest in a month as Louisiana Gulf Coast terminals steadily ramped up operations disrupted nearly a month ago by Hurricane Ida, preliminary data showed on Monday.

The export pace remained well below normal for this time of year as some terminals remain shuttered or running at reduced capacity after the storm flooded and damaged some facilities and wrecked the region’s power grid.