Indiana Fertilizer Plant Explodes

Indiana Fertilizer Plant Explodes

By Amanda Brodhagen, Farms.com

DEVELOPING

A fertilizer plant in Union Mills, Indiana has exploded killing at least one person.

Investigators say the explosion occurred at a feed, grain and fertilizer co-op around 1:30pm. One person has been confirmed dead, but reports say that others at the plant made it out safety. The explosion caused a fire, but crews report that the fire has been extinguished.

There have been no evacuations in the area.
 

Video: 90-Day Pause & Lower U.S. Tariffs with China has avoided the “Black Hole.”

A 90-day tariff pause with China, cutting rates from 145% to 30%, has renewed investor confidence in Trump’s trade agenda. U.S. deals in the Middle East, including NVDA and AMD chip sales, added to the optimism. Soy oil futures rose on biofuel hopes but turned volatile amid rumors of lower RVO targets, dragging down soybean and canola markets. A potential U.S.-Iran deal weighed on crude, while improved weather in the Western Corn Belt is easing drought fears. The U.S. also halted Mexican cattle imports again due to screwworm concerns. Funds are now short corn and adding to long soybean positions after a bullish USDA report.