# U.S. grains: Corn, soy, wheat sag as Ida damage spurs export concerns - Grainews

> US grain and soybean futures hit multi-week lows on August 31 as Hurricane Ida caused power outages and damage to Gulf Coast export facilities. Cargill's elevator was damaged, ADM closed New Orleans operations, and CHS warned a facility may lack power for weeks.

- Date: 2021-08-31 · published 2021-08-31T12:00:00.000Z
- Category: logistics · region US · magnitude high
- Page: https://feedsoft.ai/events/45591-u-s-grains-corn-soy-wheat-sag-as-ida-damage-spurs-export-concerns-grainews
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

The Gulf Coast handles about 60% of US exports, so prolonged closures would delay shipments and widen basis, pressuring cash prices while raising freight costs for feed buyers.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- BARGE: bullish ▲
- WHEAT: bearish ▼
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-03-01 | [Busiest U.S. Grains Port Swamped by Flooding as Exporters Await China Deal](https://feedsoft.ai/events/59984-busiest-u-s-grains-port-swamped-by-flooding-as-exporters-await-china-deal.md) | -1.6% | +1.4% |
| CORN | 2021-09-01 | [More Grain Terminals Found Damaged By Ida, Exports May Stall for Weeks - AgWeb](https://feedsoft.ai/events/5163-more-grain-terminals-found-damaged-by-ida-exports-may-stall-for-weeks-agweb.md) | -5.3% | -8.2% |
| 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 | 2026-10-18 | [Global Grain Freight Costs Surge as Shipping Disruptions Threaten U.S. Export Competitiveness](https://feedsoft.ai/events/16761-global-grain-freight-costs-surge-as-shipping-disruptions-threaten-u-s-export.md) | -1.7% | — |
| CORN | 2017-12-05 | [Wooden Dams And River Jams Strain US Grain Exports](https://feedsoft.ai/events/67382-wooden-dams-and-river-jams-strain-us-grain-exports.md) | +2.8% | +5.6% |
| SOY | 2019-03-01 | [Busiest U.S. Grains Port Swamped by Flooding as Exporters Await China Deal](https://feedsoft.ai/events/59984-busiest-u-s-grains-port-swamped-by-flooding-as-exporters-await-china-deal.md) | -0.8% | -0.9% |
| SOY | 2021-09-01 | [More Grain Terminals Found Damaged By Ida, Exports May Stall for Weeks - AgWeb](https://feedsoft.ai/events/5163-more-grain-terminals-found-damaged-by-ida-exports-may-stall-for-weeks-agweb.md) | -2.2% | -1.2% |
| SOY | 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) | +0.7% | -2.5% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-corn-soy-wheat-sag-as-ida-damage-spurs-export-concerns/

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