CBOT partially lifts force majeure for soybeans on Illinois River

CBOT partially lifts force majeure for soybeans on Illinois River

Applied Jan. 4, now as flood waters recede the agency will require stations to load barges.

The Chicago Board of Trade on Wednesday lifted “the majority condition of the force majeure declaration” for soybeans on the Illinois River and the shipping stations no longer under force majeure will be required to load barges.

Force majeure was applied on the Illinois River on January 4 as high water and flooding prevented the loading of barges.

The CBOT said force majeure conditions remain in place at some Exchange-approved soybean shipping stations, which may prevent loading. The CBOT notice did not identify the affected loading sites.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish