US soy meal export hub damage disrupts trade - News Summed Up

US soy meal export hub damage disrupts trade


US soy meal export hub damage disrupts tradeBloombergShipments from a US west coast terminal that handles almost 20 percent of the nation’s soybean meal exports have been curbed while damage from a crane collapse earlier this month is repaired, marking the latest setback to global trade flows. Photo: ReutersOmaha, Nebraska-based Ag Processing declined to comment. The terminal in Grays Harbor handles the bulk of the US’ soy meal shipped to Asia from the west coast. “This will dramatically impede US soybean meal exports.”Soybean meal futures in Chicago have fallen 1.9 percent this month. “People hate to store meal,” O’Neil said.


Source: Taipei Times September 25, 2021 15:56 UTC



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