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Vehicles wait in traffic as police close I-24 Eastbound lanes of traffic due to a rollover vehicle accident on Feb. 16, 2021, in Nashville, Tennessee. Major winter storms have swept across 26 states with a mix of freezing temperatures and precipitation. Ice warnings restrict navigation on Illinois River and the need to clear ice from tracks is “an obvious disruption.”
Bloomberg | Feb 17, 2021
By Isis Almeida and Kim Chipman
The deep freeze that has left almost five million Americans without power is snarling shipments of goods from corn to soybeans, shutting meat plants and curbing ethanol production.
Traders say it’s increasingly hard to move grain to ports in the Pacific Northwest, and ice warnings are restricting navigation on the Illinois River. Energy costs soared, prompting some ethanol and soybean processing plants to slow down, said the traders, who asked not to be identified because the information is private.