Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

Commodity trader Louis Dreyfus sees better signs as first-half profits rise

From Reuters:

Louis Dreyfus, one of the world’s top grain trading firms, pointed to improved signs for its commodity trading activities as it posted higher first-half profits in the face of a continuation of high staple crops supplies.

Along with its peers, Louis Dreyfus has been overhauling its businesses as margins for buying, selling […]

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ND Gavilon Grain worker trapped in equipment freed by co-workers

From NewsDakota:

A worker for an area grain company was hurt after getting trapped in a piece of equipment. It happened at Gavilon Grain which is just west of Jamestown, North Dakota.

Around 2:45pm yesterday, emergency crews got a report of an industrial accident. According to reports, a worker was trapped in a piece of […]

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Port of Longview profits surge with increased grain shipments

From The Daily News:

The Port of Longview’s profits have nearly doubled so far this year, as grain shipments at EGT reached record levels.

In the first six months of the year, the port’s net operating income hit $6.5 million, up from $3.5 million for the same time last year, according to a recent report […]

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Louis Dreyfus trader exodus leaves hole in grain business

From Bloomberg:

A group resignation of Louis Dreyfus Co.’s grain traders, which sparked a crisis forcing top executives to end a trip in Asia and fly back to Geneva, will leave a significant hole in one of its most important businesses.

While the company has quickly moved to replace former global head of grains, David […]

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Port of Longview on track to break last year’s record for cargo

From The Daily News:

Port of Longview is on track for another record-breaking year of cargo activity, thanks to shipments of grain that are beating last year’s record-setting levels, the port announced Friday.

Total tonnage at the port hit 5.2 million in the first six months of 2017, up from 3.4 million in the […]

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Port of Vancouver BC mid-year cargo numbers up

From Business in Vancouver:

The Port of Vancouver’s (PoV) buoyant mid-year cargo numbers support recent optimistic shipping sector outlooks from some industry analysts.

Statistics released by the Vancouver Fraser Port Authority (VFPA) show overall cargo through the port up 4% to 69 million tonnes compared with the same time last year.

The increase was led […]

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Glencore takeover of Bunge ‘could be possible this year’

From Agrimoney:

A takeover by Glencore of US-based ag giant Bunge “could be possible this year”, Credit Suisse said, cutting its scepticism on a deal after the commodities group unveiled some wriggle room in its financial guidance.

Credit Suisse analysts – who last month flagged a “diminished risk” of Glencore succeeding in the takeover, after […]

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Port of Oakland poised to benefit from trade pact with China on rice

From Customs Today:

The Port of Oakland believes a new trade pact with China will benefit its export business and provide more opportunities for truckers to haul rice to export overseas.

American rice exports could enter China as soon as 2018 after approval of a trade agreement last month. Port officials have said it is […]

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Columbia River ports worry over Trump’s possible steel tariffs, impacts on other cargo

From the Daily News:

At least 870 jobs are directly tied to steel imports at the Ports of Kalama and Vancouver, so when President Trump starts talking about slapping tariffs on steel, Southwest Washington ports get understandably uneasy.

While the Trump administration delayed any decision on steel tariffs for several months, local ports and companies […]

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Old Longview grain terminal could be demolished, clearing space for future port tenant

From The Daily News:

After nearly 30 years of sitting vacant, the old grain silos at the Port of Longview could soon be torn down, opening up more space for the port to attract a new industrial tenant.

Contractors will evaluate whether there are any hazards or toxins in the silos that could affect demolition. […]

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Source: Trump drops plans for food aid shipping that would support American jobs

Excerpts from Reuters:

President Donald Trump’s administration has dropped plans for an executive order that will require all U.S. food aid to be transported on American ships after members of Congress protested, congressional and aid sources said on Friday.

Reuters reported on Thursday that Trump was considering issuing an order that would have increased to […]

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Appeals court clears Viterra in 2011 death of grain-terminal worker

From CBC/Radio-Canada:

Saskatchewan’s highest court has dismissed an appeal against a Regina-based agribusiness accused of negligence in the death of a worker in 2011.

Federal Crown prosecutors had charged Viterra — which has since been purchased by Glencore — with six violations of the Canada Labour Code.

On Sept. 8, 2011, a man working at […]

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Glencore CEO says Bunge not the only grain target for expanding in the Americas

From Seeking Alpha:

Glencore CEO Ivan Glasenberg says that although an acquisition of Bunge would be a good fit for the company, it was not the only target on its radar in its effort to expand its presence in the Americas where it lacks scale.

Glasenberg refuses to say whether Glencore would launch a hostile […]

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Trump’s proposed budget would be ‘devastating’ for Northwest wheat growers

From Spokane Public Radio:

As much as 90 percent of Washington states wheat crop is exported to other nations. While the sale price was enough to make a good profit just a couple years ago, growers this year are seeing prices about a dollar below the break-even point for them, about 5 dollars a bushel.

[…]

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Bunge share price rallies amid merger talks

From the Western Producer:

Shares of Bunge Ltd rose to a 22 month peak May 24 after merger overtures by Glencore Plc.’s agriculture unit, which owns Viterra in Canada, whetted investors’ appetite for consolidation in the commodities sector.

News that Glencore Agriculture Ltd., jointly owned by Glencore and two Canadian pension funds, approached Bunge sparked […]

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