As a move to reinvigorate the grain market in their region, a group of six Washington State farmers have founded the Southwest Washington Growers Cooperative with the intention of selling grain out of the Port of Chehalis in Lewis County, Washington. The notion of a grain storage and distribution facility has already garnered support, with the port providing land, and the Lewis County commissioners earmarking $800,000 for a rail spur expected to be built in the spring of 2020
Bushel, an independently owned software and software technology solutions provider for grain growers, buyers, protein producers, and food companies, has secured $19.5 million through a Series B led by Continental Grain Company. This influx of capital brings Bushel’s total funding to-date to more than $28 million since 2015. Additional investors that participated in the round include Lewis & Clark AgriFood, Germin8 Ventures, and a collective of previous investors. Co-founded b
Chief Economist with the Farm Bureau John Newton said that the success seen by the U.S. soybean industry over the past 20 years has been indelibly tied to China. Since China joined the World Trade Organization, U.S. soybean exports came close to doubling to exceed 2 million bushels for the 2017/18 marketing year, and U.S. soybean acreage increased by 20 percent, or 15 million acres, in 2018. However, a widespread outbreak of African swine fever in China, and an ongoing trade
Winnipeg-based grain trader G3 announced its plans to build two new high-efficiency grain elevators near Irricana, and in Stettler County, Alberta, stating that Alberta is one of the most important grain growing regions in the country.
Construction on both locations is planned to begin this summer, pending the ability to secure final regulatory approvals. Both elevators will have capacity of 42,000 tons, will include a railway loop track to accommodate a 150-car unit train,
Syngenta Canada is shifting its focus to two verticals - to concentrate on both non-GMO and GMO soybeans, and to rebuild its market presence in corn. The decision follows slow progress toward a new royalty model in the country, prompting the company to recently exit the cereal breeding business in Canada. The company had previously invested significant capital to develop its corn varieties under its NK seed brand to become a market leader and the first to introduce BT corn. M
Canadian canola growers continue to have a miserable season. After reduced spring plantings, a Chinese ban on canola imports, and wet autumn weather hindering the harvest, now heavy snow and rain across the prairies have left approximately 2 million acres of canola under snow until next spring.
A portion of the buried crops will be able to be salvaged in the spring to be sold at a discount, but there is always the threat of damage from moisture and wildlife. Even still, the
Crop biotech company Benson Hill is expanding, with the announcement of the launch of Benson Hill Seeds, a business designed to provide superior seeds (including non-GMO seeds) that can meet the demands of the evolving and growing global food and agriculture industries. Launched in 2012 and headquartered in St. Louis, Missouri, Benson Hill is the developer of a revolutionary platform that combines machine learning and big data with genome editing and plant biology to dramatic
The U.S. Grains Council (USGC) has marked ethanol as a channel for growth and is working with partnerships to expand sales of U.S. ethanol on global markets. Despite the ongoing trade war with China, USGC Chairman Darren Armstrong said that there remains opportunity for growth in other countries, and the organization has set a target of 4 billion exported gallons in the coming few years. An analysis released by the USGC in September of this year shows non-beverage ethanol to
GrainsConnect Canada and GrainCorp have launched the GrainsConnect app, an online farm management platform to support grain farmers in making informed decisions when selling their grain. Headquartered in Calgary, Alberta, GrainsConnect is a joint venture between GrainCorp and one of the largest cooperatives in the world, Japan’s Zen-Noh Group. Since the fall of this year, GrainsConnect has been receiving grain at all four of its terminals across Western Canada, in Maymont and
Global agribusinesses ADM, Bunge, Cargill, and Louis Dreyfus, often referred to as the ABCDs of global commodity trading, have officially launched Covantis - a project to replace existing post-trade processes with blockchain, AI, and other data-driven solutions. The project was announced by the four traders last year, with COFCO and Glencore joining the consortium later on. Existing post-trade systems are admittedly manual, time-consuming, and repetitive, but through the ado