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Published June 29, 2015, 11:54 AM

Cargill idles Iowa corn processor because of flooding

Cargill Inc. on Friday temporarily shut down its corn processor in Eddyville, Iowa, due to flooding in the area, two trade sources said.

By: Staff Report, Reuters

CHICAGO -- Cargill Inc. on Friday temporarily shut down its corn processor in Eddyville, Iowa, due to flooding in the area, two trade sources said.

The plant was likely to resume production by Saturday, according to a Cargill letter seen by Reuters. A Cargill spokesman did not immediately respond to a request for comment.

The Eddyville processor is relatively small, with the capacity to produce 37 million gallons of ethanol per year, according to U.S. Energy Information Administration.

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