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Bunge shuts Illinois soy processing plant after fire

ReutersDec 26, 2024 8:36 PM

- Bunge Global BG.N has temporarily shut a soybean processing plant in Cairo, Illinois, after a fire in a conveyor belt on Thursday, the grain company said.

The company, one of the world's top agricultural merchants, is assessing damage at the facility to determine when it can resume operations, spokesperson Deb Seidel said. No one was injured, she added.

Firefighters from Cairo, located at the confluence of the Mississippi and Ohio rivers in southern Illinois, and surrounding areas responded to the blaze, according to the city's police department.

Concerns about processing disruptions from the fire helped support Chicago Board of Trade soybean Sv1 and soymeal SMv1 futures, which hit a two-month high.GRA/

(Reporting by Tom Polansek; Editing by Leslie Adler)

((Thomas.Polansek@thomsonreuters.com))

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