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CHS Inc. announced a $73 million renovation and expansion of its Myrtle Grove grain export terminal in Louisiana. The project adds six shipping bins, 580,000 bushels of storage, and a new dock and barge unloading system, expected to raise throughput by 30%.
Construction is set to begin in August.
Added terminal capacity improves Gulf export handling over the long term but will not change near-term supply or prices. The project is a structural capacity gain rather than a market-moving event.
chsinc.comMay 12, 2021Not enough comparable past events yet for a historical read.
After 1,054 past logistics events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.5%), and -0.0% over 20.
After 837 past logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.5% to +2.0%), and +0.6% 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.
