Trade war ceasefire good news for dry bulk

Cargill has completed the acquisition of US-based Owensboro Grain Company, a family-owned soya bean processing facility and refinery in Kentucky.

Cargill will add the fifth-generation family-owned soya bean processing firm to its North American agricultural supply chain business.

After a slow start to the US soya bean export season, partly due to disruption from Hurricane Ida, US soya bean inspections ahead of exports jumped to 1.6 Mt in the week ending 7 October.

After a week of ups and downs, US wheat prices remain virtually unchanged, while corn values are down US$15/t following the liquidation of corn/wheat spreads and talk of a higher US corn area.

Bruks Siwertell is to supply a new ship-unloader to Novo Remanso Port Terminal (TPNR) in Brazil.

In the first four months of the 2020-21 US marketing year for soya beans (starting on 1 September), 2.5 Mt of soya beans were exported in containers.