Louis Dreyfus fire, Yorkton, Saskatchewan
A canola-crushing plant owned by the Canadian unit of global grain trader Louis Dreyfus Corp will be offline indefinitely after an explosion and fire on Friday, the company said.
Firefighters are investigating the cause of the blast at the Yorkton, Saskatchewan, plant, and an assessment of the structural condition of [...]
Greg Heckman, president and CEO of Gavilon Group, LLC, announced Friday his decision to leave Gavilon after a 30-year career with the company. Chief Operating Officer Jim Anderson has been named president and chief executive officer, effective immediately.
After the company was formed in 2008 from the sale of ConAgra Trade Group, Heckman devoted the [...]
Excerpts from Farm Futures:
Farmers in Kansas, the largest wheat producer, are breathing easier now that late summer rain put needed moisture in their winter wheat fields. Rain also fell on Oklahoma and Texas wheat fields.
At a time when farmers and grain merchants are worried about the ability of railroads to move grain, USDA [...]
From an Archer Daniels Midland – Marubeni news release:
Archer Daniels Midland Company and Marubeni Corporation announced today that they have expanded Kalama Export Company LLC, their joint venture in the U.S. Pacific Northwest, as a result of Marubeni’s contribution of its grain export elevator operations at Terminal 5 in The Port of Portland, Oregon, [...]
Excerpts from the Wall Street Journal:
Agricultural trading firm Louis Dreyfus Commodities BV on Monday reported a slight increase in earnings in the first half of 2014 as revenue rose 16% after large grain harvests.
Net income rose to $260 million from $258 million, as revenue jumped to $33.7 billion from $29.2 billion. The Netherlands-based [...]
A shortage of available rail cars has impeded westbound cargo shipments, including grain.
Westbound trans-Pacific carriers expect container availability to increase in the next three weeks at most key U.S. intermodal hubs, according to a weekly U.S. Department of Agriculture survey.
The latest data show expectations of increased container supply in most locations, except [...]
”I would like to clarify a rumor…” OPB has released AFSCME’s letter to Gov. Jay Inslee and several other documents related to the use of Washington State Troopers to escort grain inspectors across ILWU Local 4′s picket line.
Excerpts from Oregon Public Broadcasting:
Foggy and cool weather kept a helicopter from flying into the [...]
Bloomberg writes that, ”The cost run-up was predictable – and unsurprising to anyone familiar with the history of bloated farm bills. The 2002 version of the bill, for example, was supposed to cost $451 billion over 10 years, but ultimately came in at $588 billion. The 2008 bill was even worse, chewing up $913 [...]
Gavilon Grain announced it has acquired a 981,000-bushel grain facility in Silica, Kansas. The Silica facility primarily handles wheat, corn, milo and soybeans, with 60-car shipping capabilities on the Kansas-Oklahoma railroad.
The Silica facility is Gavilon’s third grain elevator in Kansas, located 100 miles southwest of its shuttle facility in Abilene and 100 miles northwest [...]
Central Ohio Farmers Cooperative is purchasing the Bunge North America facility at Jefferson and Mark streets for $3.7 million, the cooperative’s CEO said Wednesday.
Tom Bostic, the cooperative’s CEO and president said the cooperative is hiring all approximately 11 employees who currently work at the Bunge grain elevator, including the manager, who will be a [...]
Two hundred and fifty Farmers Union members from across the country are in the nation’s Capital this week telling Congress to vote against the Trans-Pacific Partnership. South Dakota Farmers Union President Doug Sombke is heading up the state’s 25 member delegation. He says the current TPP under discussion doesn’t address the current trade deficit that’s [...]
Excerpts from the Journal of Commerce:
BNSF Railway and Canadian Pacific Railway say they are working to improve service as the 2014 harvest starts to move from farms to grain elevators. A backlog of shipments caused by a harsh 2013-2014 winter, coupled with an increase in intermodal and carload freight, has resulted in some [...]
Recently in Evendale, Ohio:
August fire at Bunge elevator in Evendale, Ohio
Crews were back at the scene of a grain elevator explosion Saturday after fire reportedly rekindled inside the structure.
The explosion happened Friday afternoon at the Bunge North America facility. The facility supplies resources to livestock, poultry and food service industries.
Excerpts from the Columbian:
Union workers who handle cargo at grain export terminals in Vancouver and other Northwest ports have voted overwhelmingly to ratify a new collective bargaining agreement with several multinational grain companies, the International Longshore and Warehouse Union said Tuesday. The tally was 88.4 percent in favor, with 1,475 in favor and 193 [...]
News release from the International Transport Workers’ Federation:
United States longshore workers who load grain in Pacific Northwest export terminals voted on 26 August to ratify a new collective bargaining agreement with several multinational grain companies.
ITF affiliate the International Longshore and Warehouse Union (ILWU) had accused the global grain giants of attacking an 80-year-old [...]