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SEVIERVILLE â Sevier County was starting to feel the impact from the shutdown of a major gasoline pipeline Tuesday, but some officials were urging consumers to avoid making panic buys. A cyberattack disabled the privately owned Colonial Pipeline over the weekend, disrupting a line that serves many area gas stations. The company was still working Tuesday to fully restore the system. âWhile this situation remains fluid and continues to evolve, the Colonial operations team is executing a plan that involves an incremental process that will facilitate a return to service in a phased approach,â the company said on its website. âWhile our main lines continue to be offline, some smaller lateral lines between terminals and delivery points are now operational as well.â ....
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2. Brazil Soybean Output Likely to Jump to a Record, Agroconsult and USDA Say Brazil’s soybean crop may hit a record and be better than previously expected, according to Agroconsult. The agribusiness consultancy said in a report yesterday that it now expects output at 137.1 million metric tons. That’s up from the previous forecast for 132.4 million tons. If realized that would be an 8.5% increase from last year, Agroconsult said. The U.S. Agriculture Department’s Foreign Agricultural Service said last week that it expects soybean production in Brazil this year at around 141 million metric tons. “Soybean expansion is forecast on current market conditions and trends including strong demand, high prices, and a favorable exchange rate,” the USDA said in its report. “All these conditions are expected to persist well into the 2021/22 season.” ....
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