ADM, Cargill Shut Grain Elevators in Louisiana

Major grain-trading companies shut down grain elevators in Louisiana to take precautions as Tropical Storm Isaac advanced toward the U.S. Gulf Coast.

Archer Daniels Midland Co. (ADM) closed four elevators and its port operations in New Orleans, and rival Cargill Inc. said it was working on closing two elevators near the city.

The U.S. Coast Guard also closed the Port of New Orleans to all vessels at 3:15 p.m. EDT Monday, a spokesman said.

More at FOX Business