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Agricultural seeds and chemicals supplier Bayer AG is expanding its carbon farming program to members of U.S. farm cooperative CHS Inc, boosting incentives for members to participate in the program, the companies said on Wednesday.
A hurricane-damaged grain export terminal in Myrtle Grove, Louisiana, owned by farm cooperative CHS Inc has resumed operations following a month-long closure after Hurricane Ida flooded the facility and knocked out power, the company said on Tuesday.
Barge freight costs for moving grains in the Midwestern United States spiked on Thursday due to ongoing logistical problems more than two weeks after Hurricane Ida, while CHS Inc said the timeline to reopen its terminal remains uncertain.
Farmer cooperative and grain trader CHS Inc said Thursday it expects its Myrtle Grove, Louisiana, grain export terminal to be operational by the height of the U.S. corn and soy harvest after Hurricane Ida damaged the facility last month.
The U.S.-China trade war has accelerated Brazilian efforts to erode the United States' share of the world soybean export market, and some of the shifts in global grain flows could last for years, according to executives at CHS Inc, the largest U.S. farmer cooperative.
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