GRAINNET News and Information for the Grain, Milling, Feed, Seed and BioFuels Industries http://www.grainnet.com Cargill to Close Swan River, Manitoba Grain Facility in May 2015 Due to Costly Upgrades Required (Reuters) Fri, 31 Oct 2014 16:07:12 EDT http://www.grainnet.com/articles/Cargill_to_Close_Swan_River__Manitoba_Grain_Facility_in_May_2015_Due_to_Costly_Upgrades_Required__Reuters_-144990.html http://www.grainnet.com/articles/Cargill_to_Close_Swan_River__Manitoba_Grain_Facility_in_May_2015_Due_to_Costly_Upgrades_Required__Reuters_-144990.html American Farm Bureau Federation Survey: Farmers Remain Wary of Data Collection Risks (Farm Industry News) Fri, 31 Oct 2014 15:39:45 EDT http://www.grainnet.com/articles/American_Farm_Bureau_Federation_Survey__Farmers_Remain_Wary_of_Data_Collection_Risks__Farm_Industry_News_-145017.html http://www.grainnet.com/articles/American_Farm_Bureau_Federation_Survey__Farmers_Remain_Wary_of_Data_Collection_Risks__Farm_Industry_News_-145017.html Bunge CEO Soren Schroder Forecasts Strong U.S. Soy Crush Margins Into 2015 (Reuters) Fri, 31 Oct 2014 14:36:03 EDT http://www.grainnet.com/articles/Bunge_CEO_Soren_Schroder_Forecasts_Strong_U_S__Soy_Crush_Margins_Into_2015__Reuters_-145011.html http://www.grainnet.com/articles/Bunge_CEO_Soren_Schroder_Forecasts_Strong_U_S__Soy_Crush_Margins_Into_2015__Reuters_-145011.html U.S. Senator Charles Schumer Announces Push For Port of Oswego, NY Grain Exports Fri, 31 Oct 2014 14:16:08 EDT http://www.grainnet.com/articles/U_S__Senator_Charles_Schumer_Announces_Push_For_Port_of_Oswego__NY_Grain_Exports-145010.html http://www.grainnet.com/articles/U_S__Senator_Charles_Schumer_Announces_Push_For_Port_of_Oswego__NY_Grain_Exports-145010.html On Oct. 31, at the Shineman Center at SUNY Oswego, U.S. Senator Charles E. Schumer launched his push to get the Port of Oswego and SUNY Oswego a special federal designation that would allow the Port of Oswego to export grain and other agriculture products for the first time. Schumer explained that the Port takes in approximately 10 million bushels of grain – soybeans, corn and wheat – each year, and then companies like Perdue send these grains by rail to Virginia where they then export them abroad because the Port of Oswego is not eligible for grain exports. Schumer Worthington, MN Area Farmers Experience Disappointing Crop and Soybean Yields (Prairie Business) Fri, 31 Oct 2014 14:03:50 EDT http://www.grainnet.com/articles/Worthington__MN_Area_Farmers_Experience_Disappointing_Crop_and_Soybean_Yields__Prairie_Business_-145009.html http://www.grainnet.com/articles/Worthington__MN_Area_Farmers_Experience_Disappointing_Crop_and_Soybean_Yields__Prairie_Business_-145009.html Ohio Corn and Soybean Yields Above Average (Lima News) Fri, 31 Oct 2014 13:59:29 EDT http://www.grainnet.com/articles/Ohio_Corn_and_Soybean_Yields_Above_Average__Lima_News_-145008.html http://www.grainnet.com/articles/Ohio_Corn_and_Soybean_Yields_Above_Average__Lima_News_-145008.html Indiana Congressman Todd Young to Address NGFA Country Elevator Conference, Dec. 7-9 Fri, 31 Oct 2014 13:51:10 EDT http://www.grainnet.com/articles/Indiana_Congressman_Todd_Young_to_Address_NGFA_Country_Elevator_Conference__Dec__7_9-145007.html http://www.grainnet.com/articles/Indiana_Congressman_Todd_Young_to_Address_NGFA_Country_Elevator_Conference__Dec__7_9-145007.html Washington, Oct. 31, 2014—The National Grain and Feed Association's (NGFA's) 43rd annual Country Elevator Conference and Trade Show (CEC) kicks off Dec 7-9 in Indianapolis. U.S. Rep. Todd Young, R-Ind., will open the "meeting of the year" for country elevator managers and their key employees on Dec. 8 with a look at what the elections mean for Congress in 2015. Importantly, the money-saving early bird registration deadline expires Nov. 7. While results of midterm elections will be known once CEC begins, as it stands today the congressional make up could change dramatically - which could affect pending legislation of Attebury Grain and Rampa, Inc. Announce Shuttle and Train-Loading Upgrade Project in Pampa, TX Fri, 31 Oct 2014 13:25:26 EDT http://www.grainnet.com/articles/Attebury_Grain_and_Rampa__Inc__Announce_Shuttle_and_Train_Loading_Upgrade_Project_in_Pampa__TX-145004.html http://www.grainnet.com/articles/Attebury_Grain_and_Rampa__Inc__Announce_Shuttle_and_Train_Loading_Upgrade_Project_in_Pampa__TX-145004.html Pampa, Texas, Oct. 31, 2014 – Attebury Grain, LLC and its affiliate, Rampa, Inc., today announced plans to upgrade its Eastern Texas Panhandle operation to accommodate shuttles and unit trains via the BNSF Railway. The project focuses on meeting producer and consumer needs by constructing additional storage capacity and sufficient rail capacity to load and unload 120 railcars in 10 hours; as well as equipment to load and unload 75 trucks per hour. “Attebury and Rampa look forward to providing our producers, end users, and export partners with significant efficiency improvements by more effectively handling inbound and outbound K-State Department of Grain Science and Industry October Newsletter Fri, 31 Oct 2014 10:40:23 EDT http://www.grainnet.com/articles/K_State_Department_of_Grain_Science_and_Industry_October_Newsletter-145001.html http://www.grainnet.com/articles/K_State_Department_of_Grain_Science_and_Industry_October_Newsletter-145001.html CHS Commits $225,000 to International Food and Agribusiness Management Association For Agricultural Education Fri, 31 Oct 2014 09:56:57 EDT http://www.grainnet.com/articles/CHS_Commits__225_000_to_International_Food_and_Agribusiness_Management_Association_For_Agricultural_Education-144994.html http://www.grainnet.com/articles/CHS_Commits__225_000_to_International_Food_and_Agribusiness_Management_Association_For_Agricultural_Education-144994.html St. Paul, Minn., Oct. 31, 2014—CHS Inc. (NASDAQ: CHSCP), the nation's leading farmer-owned cooperative and a global energy, grains and foods company, announced today it has expanded its commitment to furthering agricultural education through a gift of $225,000 to the International Food and Agribusiness Management Association (IFAMA). IFAMA, an international management organization based in Washington, D.C., brings together current and future business, academic and government leaders, along with industry stakeholders to improve food and agribusiness systems globally. The $225,000 gift will make CHS a premier sponsor of IFAMA's 2015 World Forum and Symposium, held June 14-18 in Minneapolis, Minn. The five-day forum University of Missouri Extension Specialist: Late Corn and Soybean Harvests Affect Wheat Planting (Cattle Network) Fri, 31 Oct 2014 09:39:50 EDT http://www.grainnet.com/articles/University_of_Missouri_Extension_Specialist__Late_Corn_and_Soybean_Harvests_Affect_Wheat_Planting__Cattle_Network_-144993.html http://www.grainnet.com/articles/University_of_Missouri_Extension_Specialist__Late_Corn_and_Soybean_Harvests_Affect_Wheat_Planting__Cattle_Network_-144993.html Montana Producers Halfway Through Combining Corn; Finishing Winter Wheat Seeding (Prairie Star) Fri, 31 Oct 2014 09:31:29 EDT http://www.grainnet.com/articles/Montana_Producers_Halfway_Through_Combining_Corn__Finishing_Winter_Wheat_Seeding__Prairie_Star_-144992.html http://www.grainnet.com/articles/Montana_Producers_Halfway_Through_Combining_Corn__Finishing_Winter_Wheat_Seeding__Prairie_Star_-144992.html Bunge CEO Soren Schroder: Grain Companies Likely to Face Slowing Crop Sales (Wall Street Journal) Fri, 31 Oct 2014 09:24:19 EDT http://www.grainnet.com/articles/Bunge_CEO_Soren_Schroder__Grain_Companies_Likely_to_Face_Slowing_Crop_Sales__Wall_Street_Journal_-144991.html http://www.grainnet.com/articles/Bunge_CEO_Soren_Schroder__Grain_Companies_Likely_to_Face_Slowing_Crop_Sales__Wall_Street_Journal_-144991.html Collapsed CPI Grain Silo in Fairmont, NE Rebuilt, Elevator Open For Harvest (Journal Star) Fri, 31 Oct 2014 09:17:20 EDT http://www.grainnet.com/articles/Collapsed_CPI_Grain_Silo_in_Fairmont__NE_Rebuilt__Elevator_Open_For_Harvest__Journal_Star_-144989.html http://www.grainnet.com/articles/Collapsed_CPI_Grain_Silo_in_Fairmont__NE_Rebuilt__Elevator_Open_For_Harvest__Journal_Star_-144989.html National Agricultural Statistics Service: Grain Production Decreases in Virginia (NV Daily) Fri, 31 Oct 2014 09:11:38 EDT http://www.grainnet.com/articles/National_Agricultural_Statistics_Service__Grain_Production_Decreases_in_Virginia__NV_Daily_-144988.html http://www.grainnet.com/articles/National_Agricultural_Statistics_Service__Grain_Production_Decreases_in_Virginia__NV_Daily_-144988.html Bunge Reports 3Q Results: Net Income of $284 Million Up From Net Loss of $165 Million in 3Q 2013 Fri, 31 Oct 2014 11:40:47 EDT http://www.grainnet.com/articles/Bunge_Reports_3Q_Results__Net_Income_of__284_Million_Up_From_Net_Loss_of__165_Million_in_3Q_2013-144976.html http://www.grainnet.com/articles/Bunge_Reports_3Q_Results__Net_Income_of__284_Million_Up_From_Net_Loss_of__165_Million_in_3Q_2013-144976.html Overview Soren Schroder, Bunge's Chief Executive Officer, stated, "Third-quarter results were lower than last year; however, Bunge is in a strong position to meet or exceed our full-year, combined return target of 1.5 points above cost of capital in Agribusiness and Food and Ingredients. "Adjusting for temporary mark-to-market impacts, Agribusiness results were within our range of expectations." "The transition from tight to plentiful global grain and oilseed supplies, highlighted by falling prices and some of the slowest farmer selling in recent memory in South America, created a challenging market environment in the third quarter." "Our Agribusiness team managed the Bunge Elevator in Cincinnati, OH to Stay Closed Through 2014 Trade Following August Explosion (Reuters) Fri, 31 Oct 2014 08:49:59 EDT http://www.grainnet.com/articles/Bunge_Elevator_in_Cincinnati__OH_to_Stay_Closed_Through_2014_Trade_Following_August_Explosion__Reuters_-144952.html http://www.grainnet.com/articles/Bunge_Elevator_in_Cincinnati__OH_to_Stay_Closed_Through_2014_Trade_Following_August_Explosion__Reuters_-144952.html August Elevator Explosion at Coshotcon Grain Co. Causes Farmer-Customers to Find New Grain Buyers (Times Recorder) Fri, 31 Oct 2014 08:49:39 EDT http://www.grainnet.com/articles/August_Elevator_Explosion_at_Coshotcon_Grain_Co__Causes_Farmer_Customers_to_Find_New_Grain_Buyers__Times_Recorder_-144953.html http://www.grainnet.com/articles/August_Elevator_Explosion_at_Coshotcon_Grain_Co__Causes_Farmer_Customers_to_Find_New_Grain_Buyers__Times_Recorder_-144953.html Australian Wheat/Flour Exports to Climbe Due to Indonesia and Vietnam Population Growth and Changing Diets (Financial Review) Fri, 31 Oct 2014 08:48:19 EDT http://www.grainnet.com/articles/Australian_Wheat_Flour_Exports_to_Climbe_Due_to_Indonesia_and_Vietnam_Population_Growth_and_Changing_Diets__Financial_Review_-144956.html http://www.grainnet.com/articles/Australian_Wheat_Flour_Exports_to_Climbe_Due_to_Indonesia_and_Vietnam_Population_Growth_and_Changing_Diets__Financial_Review_-144956.html Mild Weather Helps Dry Corn in Fields For Aberdeen, SD Area Farmers (Aberdeen News) Fri, 31 Oct 2014 08:45:48 EDT http://www.grainnet.com/articles/Mild_Weather_Helps_Dry_Corn_in_Fields_For_Aberdeen__SD_Area_Farmers__Aberdeen_News_-144972.html http://www.grainnet.com/articles/Mild_Weather_Helps_Dry_Corn_in_Fields_For_Aberdeen__SD_Area_Farmers__Aberdeen_News_-144972.html Russian Winter Wheat Crop Threatened by Lack of Rain (Wall Street Journal) Fri, 31 Oct 2014 08:15:46 EDT http://www.grainnet.com/articles/Russian_Winter_Wheat_Crop_Threatened_by_Lack_of_Rain__Wall_Street_Journal_-144982.html http://www.grainnet.com/articles/Russian_Winter_Wheat_Crop_Threatened_by_Lack_of_Rain__Wall_Street_Journal_-144982.html Mild October Temperatures Help Minnesota Farmers Progress Through Last of Fall Harvest (Farm and Ranch Guide) Thu, 30 Oct 2014 13:24:41 EDT http://www.grainnet.com/articles/Mild_October_Temperatures_Help_Minnesota_Farmers_Progress_Through_Last_of_Fall_Harvest__Farm_and_Ranch_Guide_-144974.html http://www.grainnet.com/articles/Mild_October_Temperatures_Help_Minnesota_Farmers_Progress_Through_Last_of_Fall_Harvest__Farm_and_Ranch_Guide_-144974.html Farmers Weigh Harvesting Corn and Paying Drying Expenses or Allowing Corn to Dry in Fields (AgWeek) Thu, 30 Oct 2014 13:19:36 EDT http://www.grainnet.com/articles/Farmers_Weigh_Harvesting_Corn_and_Paying_Drying_Expenses_or_Allowing_Corn_to_Dry_in_Fields__AgWeek_-144973.html http://www.grainnet.com/articles/Farmers_Weigh_Harvesting_Corn_and_Paying_Drying_Expenses_or_Allowing_Corn_to_Dry_in_Fields__AgWeek_-144973.html Indiana Congressman Todd Young Added as Keynote Speaker at NFGA Country Elevator Conference and Trade Show Thu, 30 Oct 2014 08:06:17 EDT http://www.grainnet.com/articles/Indiana_Congressman_Todd_Young_Added_as_Keynote_Speaker_at_NFGA_Country_Elevator_Conference_and_Trade_Show-144919.html http://www.grainnet.com/articles/Indiana_Congressman_Todd_Young_Added_as_Keynote_Speaker_at_NFGA_Country_Elevator_Conference_and_Trade_Show-144919.html Smoother Grain Flow Attributed to Canadian Government Lifting Minimum Crop Volume Railway Regulations (Reuters) Thu, 30 Oct 2014 08:05:46 EDT http://www.grainnet.com/articles/Smoother_Grain_Flow_Attributed_to_Canadian_Government_Lifting_Minimum_Crop_Volume_Railway_Regulations__Reuters_-144924.html http://www.grainnet.com/articles/Smoother_Grain_Flow_Attributed_to_Canadian_Government_Lifting_Minimum_Crop_Volume_Railway_Regulations__Reuters_-144924.html