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Louis Dreyfus Company reported a fire at its Claypool, Indiana soybean processing and biodiesel plant on Tuesday, which was extinguished by 9:15 p.m. central time. No employees were injured.
The company suspended soybean deliveries at the plant on Wednesday.
Claypool is described as the largest fully integrated soy crush and biodiesel plant in the US, so a prolonged outage could cut soymeal and soyoil output at a time of strong demand, supporting meal and oil prices.
reuters.comJulie IngwersenFeb 16, 2022After 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.
After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% 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.
