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.

Crews respond to fire at midwest Bunge Grain elevator

From WCCU:

Emergency crews were dispatched to a report of a fire on Coffeen Street in Homer, Illinois.

The Homer Fire Chief Don Happ tells Fox Illinois they believe the motor from an industrial fan started the fire at Bunge Grain on Coffeen Street.

Happ says 100,000 bushels of grain have been burned in the […]

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Grain train derails at Bunge facility

Work crews try to get a train car uprighted Saturday afternoon after a derailment at Bunge Oilseed Processing. Photo by Chuck Samples/KVOE News.

Details are still pending after at least one and as many as three train cars overturned at Emporia, Kansas’ Bunge Oilseed Production facility recently.

KVOE News was told on site Saturday that […]

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Fire at Bunge plant in Saskatchewan

Almost every member of the Nipawin Fire Department and all of its six trucks were called out to a fire at Bunge, just south of Nipawin the evening of Tuesday, August 2.

“It was a fire in the machinery,” said Chief Brian Starkell.

There were no injuries reported. An investigator will be coming up […]

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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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Louis Dreyfus H1 profit halved by commodities downturn

Weaker commodity markets led to a halving of first-half profit at Louis Dreyfus Commodities B.V. , but the global trading group said its growing volumes showed food could withstand economic pressures better than other raw materials.

Louis Dreyfus, like traditional rivals Archer Daniels Midland, Bunge and Cargill that dominate trading in agricultural commodities, has been […]

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Bunge to acquire Brazilian wheat processor

Moinho Pacifico, located in Santos, is one of the largest wheat processors in Brazil. The transaction is subject to regulatory approval, Bunge said in a statement.

Bunge Brazil, a wholly owned subsidiary of Bunge Ltd, said on Aug. 27 it has agreed to acquire Brazilian wheat processor Moinho Pacifico, Reuters reported.

Bunge said the […]

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Bunge logs $373 million profit with help from U.S. soybeans

With a boost from soybean trading and exports, Bunge Ltd. reported a first-quarter profit of $373 million, up nearly $300 million from the same period last year.

Bunge CEO Soren Schroder said the company’s North American agribusiness operations, along with those of Brazil and Europe, performed well, which he expects to continue.

“Farmers in the […]

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Bunge logs $373 million profit with help from U.S. soybeans

With a boost from soybean trading and exports, Bunge Ltd. reported a first-quarter profit of $373 million, up nearly $300 million from the same period last year.

That came even as the food and agribusiness company, which has its North American headquarters in St. Louis, made net sales that, at $10.8 billion, dropped by about […]

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Bunge boss of two years faces pressure to improve results

A $201 million deal for Bunge Ltd to take control of Canadian grain handler CWB is set to shake up wheat sales in Manitoba and Saskatchewan but may not help the head of the agribusiness firm in his drive to boost profits.

The transaction was announced on Wednesday as Bunge Chief Executive Soren Schroder, 53, […]

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Louis Dreyfus Commodities has no plans for an IPO, majority owner says

Privately held agricultural commodities trader Louis Dreyfus Commodities has no plans for an initial public offering (IPO), according to its largest stakeholder. Instead, Margarita Louis Dreyfus, whose family lends its name to the company, intends to increase her stake to 80% after the trading house posted a modest uptick in corporate fortunes.

Net profit for […]

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Winning Shipping in deal with Cargill, Bunge to move bauxite on Capesize: sources

Bauxite export facility at Cabo Rojo, Dominican Republic.

Winning Shipping has fixed a contract of affreightment deal with ship-operator Cargill Shipping and Bunge Shipping to move 1.52 million mt of bauxite from the Dominican Republic to China over 2015, sources familiar with the matter said Wednesday.

Cargill and Bunge will each move four 190,000-mt cargoes […]

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Farmers Cooperative buys Ohio Bunge facility for $3.7 million

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 […]

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Bunge plans east Australia port, offers more competition for GrainCorp

A subsidiary of U.S. firm Bunge Limited plans to build a port terminal on Australia’s east coast, boosting competition for the country’s largest agribusiness, GrainCorp Ltd.

“The regulation of our ports means that GrainCorp as an Australian-based company is increasingly disadvantaged against the much larger multinationals behind competing ports,” said a GrainCorp spokesperson, referring to […]

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U.S. grain farmers resort to giant storage bags to avoid cheap sales

The grain storage bags, which are about 300-foot (91-m) long and 10 feet in diameter, are common on the Argentine Pampas but until recently a rare sight in the U.S. Midwest, where the expansion of big elevators and 50-foot high silos has generally kept pace with ever-expanding crops. REUTERS/Loftness Specialized Equipment/Handout

As U.S. farmers turn […]

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