Hurricane Ida - the aftermath

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One bit of bad news from Bloomberg:

Key U.S. Crop Export Elevator Damaged in Hurricane Ida
A grain elevator damaged by Hurricane Ida in Reserve, Louisiana is responsible for nearly 9% of America’s bulk seaborne exports of corn, soybeans and wheat so far in 2021, according to Bloomberg’s analysis of U.S. Department of Agriculture data.

USDA shipments show a total of 6.45 million tons of agricultural product loaded at the Cargill terminal, with 5.3 million tons of corn topping the list. The primary recipient of crops through the elevator this year has been China, receiving 47% of its output including 2.5 million tons of corn and 485,000 tons of soybeans.

So China is going to be short of food this year.  Will our current regime use that to leverage some concessions?   Don't make me laugh... They will probably take our domestic supply and send it over there to make up the loss.  Got to keep their paymasters happy.

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This page contains a single entry by DaveH published on September 1, 2021 7:06 PM.

One explanation - Biden looking at his watch so many times was the previous entry in this blog.

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