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Gulf Coast Exports Slowly Resume

ADM restarted operations on floating midstream rigs

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Louisiana Gulf Coast grain exports are slowly ramping up after a nearly two-week halt due to damage from Hurricane Ida, with at least two large exporters loading vessels and power steadily being restored to other terminals, government and shipping sources said on Thursday.

More than 50 oceangoing vessels have lined up along the lower Mississippi River waiting to dock and be loaded with soybeans or grain, according to Refinitiv Eikon shipping data and industry vessel lineup summaries seen by Reuters.

ADM restarted operations on floating midstream rigs that transfer crops from barges onto bulk ships, according to a statement.

ADM expects Louisiana elevators in Ama and Reserve to resume operations by the end of the month, and repairs to an elevator in Destrehan, LA, to take "a few weeks longer," the statement said.

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