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Bunge temporarily shut its soybean processing plant in Cairo, Illinois, after a conveyor belt fire on Thursday, with no injuries reported. The company is assessing damage before restarting.
Concerns over processing disruption pushed soybean and soymeal futures to a two-month high.
A temporary crush outage reduces near-term US soybean processing and meal output, tightening domestic meal supply and supporting prices until the plant restarts.
admis.comADMIS Research TeamDec 27, 2024After 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% over 20.
After 167 past bullish logistics events, Soybean Meal moved a median +0.5% over 5 sessions (54% higher; middle half -1.8% to +2.9%), and -1.2% over 20.
After 85 past bullish logistics events, Soybean Oil moved a median +0.7% over 5 sessions (64% higher; middle half -1.3% to +2.7%), and +3.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Bunge's Cairo, Illinois crush plant shutdown after a fire raised processing-disruption concerns and pushed soymeal futures to a two-month high, directly supporting the late-week rally.
