News
Hurricane Laura not seen as threat to corn/bean exports
The head of the Soy Transportation Coalition says Hurricane Laura does not look to be a threat to soybean and corn exports on the lower Mississippi River.
Mike Steenhoek tells Brownfield Ag News the main path of Laura is between Houston and New Orleans with Lake Charles, Louisiana the main target, on the border of Texas and Louisiana, “Much more favorable that if it were to hit New Orleans more directly because 60% of U.S. soybean exports leave from export terminals near New Orleans. Fifty-nine percent of corn exports. So, that’s by far the number-one launching point for both commodities.”
Steenhoek says wheat exports might be affected by the hurricane out of the area known as the “Texas Gulf” on that Texas/Louisiana border. He says 23% of U.S. wheat exports go through there.
He says they’ll be watching closely for wind damage and any infrastructure damage that could occur along the Mississippi River.