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.

Pendleton Grain Growers sells assets to United Grain Corp.

Pendleton Grain Growers has agreed to sell its assets to United Grain Corporation, whose grain export terminal is at the Port of Vancouver USA on the Columbia River. ILWU Local 4 members load the grain ships.

The East Oregonian reports that officials announced Tuesday that United Grain Corporation, of Vancouver, Washington, has agreed to [...]

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The British are coming — with cheap wheat exports

The United States is about to import the largest wheat cargo from the U.K. in more than two decades as a combination of ample British supply, a weaker pound and rock-bottom freight rates make the unusual trade viable.

It’s unusual for the U.S. to import large quantities of wheat, not least because it’s the third-biggest [...]

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Marubeni president sees 10 bln yen profit from Gavilon in FY16/17

Marubeni Corp expects 10 billion yen ($91.96 million) profit from U.S. grain merchant unit Gavilon in the year to March 2017, up from 5.4 billion yen a year earlier, helped by restructuring, its president Fumiya Kokubu said on Tuesday.

“Our assumption prices are lower than the current prices,” he told an earnings news conference, without [...]

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Port of Longview cargo activity slid 22 percent last year

Cargo activity at the Port of Longview fell 22 percent last year, dragged down by falling log and grain exports, port officials said this week.

Higher-than-expected expenses dented profits. Administrative costs exceeded projections by 23 percent, according to report from port CFO Peggy Van Horn. That primarily was the result of $375,364 in un-budgeted legal [...]

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National Farmers Union head skeptical of Trans-Pacific Partnership

From Crop Protection News Reports:

The NFU believes the TPP will hurt rural communities more than help them by opening American jobs up to cheaper, foreign labor.. Pictured is National Farmers Union President Roger Johnson.

The U.S. Department of Agriculture is trying to gain support on Capitol Hill for its Trans-Pacific Partnership by telling [...]

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Cargill closer to competing with Viterra in South Australia ports

Grain ship loading at Port Adelaide in Australia. Prior to Patrick starting its operations at the port, Viterra was the only provider of bulk wheat port terminal services in South Australia.

A draft determination from the Australian Competition and Consumer Commission (ACCC) exempting Patrick Stevedoring’s Berth 29 facility at Port Adelaide, Australia, moves Cargill a [...]

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New CEO for Gavilon as Japanese parent company Marubeni expresses disappointment

From an article titled ”3 Gavilon executives are out; parent company’s disappointed CEO had promised ‘dramatic measures”’ in the Omaha World-Herald:

The Omaha-based commodities company Gavilon said Friday that its chief executive, chief operating officer and head of its North American grain division are gone and the new CEO will start working for the [...]

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Port of Stockton registers record year for ship arrivals

The Port of Stockton specializes in bulk shipping. The Central Valley Business Journal reports that there were 245 ship arrivals at the port last year, compared with just 100 during the recession in 2009.

For the second year in a row, the Port of Stockton set a record for ship arrivals in 2015. Overall, [...]

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Northwest Seaport Alliance container volumes up, marking 9th month of growth

Container volumes through The Northwest Seaport Alliance improved 5.9 percent in November when compared with November 2014, the Northwest Seaport Alliance reported recently.

November marked the ninth consecutive month of growth for the combined effort that joined the Port of Tacoma and the Port of Seattle earlier this year.

Containerized exports improved 10.8 percent through [...]

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Louis Dreyfus family asks to be bought out

Members of the founding family of Louis Dreyfus Commodities — one of the world’s largest traders of coffee, sugar and wheat — have asked the Russian-born billionaire who now controls the company to buy out most of their stake.

People familiar with the situation said the family members had informed majority shareholder Margarita Louis-Dreyfus of [...]

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Grain handlers expand hunt for cheaper crop bins as prices slump

With crops like corn to soybeans headed for their longest price slump since at least the 1990s, shrinking profit margins may make owners of North American grain assets more inclined to sell. While premiums remain near a 10-year high, they have declined, and the pace of deals for agricultural operations has accelerated, with the most [...]

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How China’s growing appetite is transforming an American port

The Diplomat holds development at the Port of Oakland as ‘evidence of China’s growing appetite for American agricultural products.’

Excerpts from The Diplomat:

From forks to iPhones to couches, “Made in China” products fill American stores. U.S. ports typically import far more from China than they export, but Oakland stands as a rare exception. [...]

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Former Bunge manager gets 366 days for fraud

A Tennessee man who defrauded Bunge North America by overpaying for agricultural commodities, was sentenced Thursday to 366 days in federal prison.

From 2009-2013, Coleman Carpenter, of Troy, overpaid farmers, producers and dealers for millions of bushels of corn, soybeans and other commodities, prosecutors have said. He then falsified documents to show that he had [...]

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All eyes on ADM and Bunge after Cargill profit jumps 20 pct

A 20 percent quarterly profit jump for global grains trader Cargill Inc suggests recent disappointing quarterly earnings from rival agribusinesses Archer Daniels Midland Co and Bunge Ltd may be more of a blip than long-term concern, analysts said.

Cargill’s strong results, reported on Wednesday, seem to indicate surprising strength for traders of agricultural commodities, as [...]

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Gavilon launches new portal for producers to personalize their grain experience

Gavilon news release:

Gavilon Grain, LLC has announced that it has launched a new web service, myGavilon, that allows customers to personalize their grain experience. Producers are able to access all of their transactions (i.e., balances, contracts and tickets) as well as weather, cash bid and futures market information all in one place.

“Producers [...]

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