# Grain silo explosion, fire shutters Illinois ethanol plant | Reuters

> A grain silo explosion and fire shut an Illinois ethanol plant. The article notes that ethanol margins in the Corn Belt are at 11 cents per gallon, below a seven-year high reached late last year.

- Date: 2022-05-12 · published 2022-05-12T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/41397-grain-silo-explosion-fire-shutters-illinois-ethanol-plant-reuters
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A plant outage reduces ethanol and DDGS output and cuts corn grind locally, which is mildly bearish for corn and bullish for DDGS through tighter supply. The effect is likely limited because one plant is a small share of total capacity.

## Read by commodity

- CORN: bearish ▼
- DDGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-06-24 | [Illinois River closure to force supply shift for Gulf Coast grain, ethanol buyers](https://feedsoft.ai/events/52503-illinois-river-closure-to-force-supply-shift-for-gulf-coast-grain-ethanol-buyers.md) | +2.4% | -0.3% |
| CORN | 2020-10-02 | [Barge Freight Starting to Ease on Mississippi, Illinois Rivers \| Feed & Grain](https://feedsoft.ai/events/50543-barge-freight-starting-to-ease-on-mississippi-illinois-rivers-feed-and-grain.md) | -1.1% | +5.3% |
| CORN | 2024-02-13 | [Ukraine on track to export all 2023 grain, says Britain \| Reuters](https://feedsoft.ai/events/14321-ukraine-on-track-to-export-all-2023-grain-says-britain-reuters.md) | +0.2% | +3.8% |
| CORN | 2021-09-13 | [U.S. grain exports sink as Gulf terminals struggle to recover from Ida \| Reuters](https://feedsoft.ai/events/44956-u-s-grain-exports-sink-as-gulf-terminals-struggle-to-recover-from-ida-reuters.md) | +0.1% | -3.1% |
| CORN | 2022-01-10 | [Misery for Shippers on Mississippi, Illinois, Ohio Rivers](https://feedsoft.ai/events/43328-misery-for-shippers-on-mississippi-illinois-ohio-rivers.md) | +1.3% | +3.3% |

## Sources

- reuters.com: https://www.reuters.com/world/us/grain-silo-explosion-fire-shutters-illinois-ethanol-plant-2022-05-12/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.