big river news
Post on 04-Feb-2017
223 Views
Preview:
TRANSCRIPT
We have made a number of enhancements
to our facilities and overall safety program at Big River. This has included creating a safety committee comprised of key management from Big River and Agspring and performing critical drills. Safety requirements and practices, such as color coding the hard harts or vests of our staff based on tenure have been standardized across all facilities. At the Dunn location, for example, we are adding fall protection to the road load-out and we have completed replacing overhead tanks in Monticello.
Completing New Safety Measures
GRAIN RESCUE TUBESWe are pleased to announce that grain rescue tubes are now available at each of our locations and are available to the community at large when needed. Earlier this year, Big River hosted a series of grain elevator safety training days in cooperation with safety consultant and local first respond-ers. The well attended event featured demonstrations and training on currently available safety equipment and dealing with grain engulfments. Please contact your local elevator manager for more information on utilizing these grain rescue tubes.
PEOPLE NEWS
COMPANY NEWS
Training Day
BIG RIVER: FALL 2014
John Goetting has joined the organization as chief operating officer. “We are excited to add John’s strong combination of grain merchandising and logistics experience to Big River,” said Larry Tubbs, CEO of Big River Rice and Grain. “Our growers, customers and partners will benefit from his expertise as we continue to grow both our infrastructure and markets for our grain.”
Goetting brings more than two decades of past experi-ence in the grain markets with DeBruce Grain Inc. and Gavilon Grain including origi-nating, trading, and managing grain merchandising teams. Prior to joining Big River Rice and Grain, he managed two barge facilities and a trading platform at the Port of Catoosa, OK.
Fall 2014
Major Capital Projects
NEW COO JOINS BIG RIVER
Agspring has been very active so far this year including the formation of two new subsid-iaries. Thresher Artisan Wheat includes the acquisition of General Mills grain operations in Idaho. Thresher handles high-quality wheat for a num-ber of prominent consumer brands. The second new entity, Firebird Artisan Mills located in North Dakota, focuses on gluten-free flours and mixes for organizations such as consumer packaged goods companies and bakeries.agspring.com
AGSPRING ACTIVITIES
Over the past year since our formation as part of the Agspring family, Big River has
tackled a number of infrastructure projects across our regional footprint to upgrade the
efficiency and convenience of our facilities for both growers and partners.
Upgrades at Lake Providence have been focused on delivering increased operational speed
and space better enabling us to connect Northeast Louisiana and Southeast Arkansas to
new and broader market opportunities. Growers will be able to dump trucks fast since
IN THIS ISSUE
+ Completing New Safety Measures + Major Capital Projects+ Market Outlook+ People and Company News
BIG RIVER NEWS
Monticello
Dunn
PIONEER CORPORATE OFFICE7489 Hwy 588Pioneer, LA 71266West Carroll ParishP: 318-428-2439 | F: 318-428-4570
Larry Tubbs, CEO318-282-0562 lgt@bigrivergrain.com
Ron Miller, VP, Operations870-510-1299 rlmiller@bigrivergrain.com
John Goetting, COO318-282-8863 jgoetting@bigrivergrain.com
Jeremy Raley, Merchandising318-372-1978 jeremy@bigrivergrain.com
PIONEER ELEVATOR C S W R7489 Hwy 588Pioneer, LA 71266 West Carroll Parish P: 318-428-8995
Kevin Tubbs 318-372-2777 kvtubbs@bigrivergrain.com
DUNN C S W11 Hwy 609 Delhi, LA 71232Richland ParishP: 318-878-2065F: 318-878-9041
Matt Raley 318-282-9917 matt@bigrivergrain.com
MONTICELLO C S W M683 Hwy 577 Lake Providence, LA 71254East Carroll ParishP: 318-552-8801F: 318-552-6463
John Larry Goode 318-282-8802 john@bigrivergrain.com
HOLLYBROOK C S W10971 US 65 Lake Providence, LA 71254 East Carroll Parish P: 318-559-2030
Bubba Richardson 318-816-0866 jprichardson@bigrivergrain.com
MER ROUGE C S W R8205 Mer Rouge-Collinston Rd. Mer Rouge, LA 71261Morehouse Parish P: 318-647-3730 | F: 318-647-5379
Steve Henderson 318-669-8626 stevehenderson@bigrivergrain.com
PARKDALE C S W R2159 Hwy 165 South, Parkdale, AR 71661Ashley County P: 870-473-2281 | F: 870-473-2322
Angela Crow870-997-0790 acrow@bigrivergrain.com
EUDORA C S W R M5698 Hwy 65 SouthEudora, AR 71640Chicot County P: 870-355-5554 | F: 870-355-5559
Justin Johnson 870-510-0922 jjohnson@bigrivergrain.com
YELLOW BEND C S W112 Great River Rd.Arkansas City, AR 71630 Chicot/Desha County Main: 870-877-2300
Allen Evans 870-222-8830 allen@bigrivergrain.com
CROWVILLE C S W888 Hwy 577 Crowville, LA 71230Franklin ParishP: 318-722-3217 | F: 318-722-6582
Matt Raley 318-282-9917 matt@bigrivergrain.com
LAKE PROVIDENCE C S W501 Port Rd. Lake Providence, LA 71254East Carroll ParishP:318-559-2200 | F: 318-559-2200
Bubba Richardson 318-816-0866 jprichardson@bigrivergrain.com
PORTLAND C W R716 Hwy 165 NorthPortland, AR 71663 Ashley County
BIG RIVER CONTACTS
C = Corn S = Soybeans W = Wheat R = Rice M = Milo
Big River Rice & Grain 7489 Hwy 588 Pioneer, LA 71266318-428-2439
From INTL FCStone
The wheat market has bounced nearly $1.00 over the past six weeks
as fundamental and geopolitical have forced the funds to cover the
majority of their record short position. The funds are now only short -10k
contracts of Chicago wheat with funds buying over 40k the past month.
However, wheat fundamentals remain bearish as the global wheat supply
remains ample and it is questionable whether the wheat market can
continue to rally without the money flow pushing it. We can expect to see
a decrease in SRW acres in the Midwest as the slow bean harvest for
double crop beans and pushed many anticipated wheat acres past the
insurance plant dates. Also, the conflict between Russia and Ukraine
could continue to be an outside factor supporting the wheat markets,
although the rally has kept US wheat values un-competitive on the global
market. The large supply and low demand will make trade question
whether current price levels are sustainable. Producers should look at
pricing some new crop wheat at current levels and scaling up to $6.00 on
the WN to take advantage of the recent rally.
The rough rice market has been in an extremely strong downtrend
over the past few months as trade continues to process a big
increase in ending stocks from last year’s record crop. US rice
stocks are already 29% above last year’s stocks with another
large domestic rice crop. Total US rice supplies expected 10%
above last year and represents the second largest US rice supply
ever. Overall, with US long-rice expected to see the lowest prices since
2010/11, the producer should be aggressive about marketing their
rice crop.
BIG RIVER: FALL 2014
Crowville
Yellow Bend
Market Outlookwe’ve opened two new farm only lanes that
can receive 50,000 bushels per hour (BPH).
We’ve also added a 10,000 BPH dryer to
quickly and efficiently get your production to
market. Lake Providence also now features
increased space to continually receive
trucks at maximum capacity and smoothly
transition between commodities/crop types.
Lake Providence
Our Crowville facility benefits from an
overall facelift to improve convenience and
safety while enhancing operations. Added
speed and space will be apparent to grow-
ers through the new 5,000 BPH dryer and
2 million bushel ground pod with a 25,000
BPH receiving belt. Crowville now has a
new improved truck flow along with the
new offices, scales, entry and exit points.
This will provide a safe line-up space off
the main road.
Big River is proud to announce
the opening of our newest
location near McGhehee, AR.
The Yellow Bend facility is part
of our investments to improve
efficiency and flexibility for
our growers and supply chain
partners. Yellow Bend includes
a new scale and office as well
as the latest safety and opera-
tional systems.
The corn market has retraced over 100% of the move from the August
highs of $3.81 to the October lows of $3.18 ¼ and is now trading
at $3.85. The funds have been building a massive 200k contract
long in the corn market over the past few weeks in anticipation of
any plating concerns for the 2015/16 crop. Concerns have surfaced
over extreme cold and a foot of snow in the Northern Plains as there is
nearly 400M bu of unharvested corn. The corn market has now become more
concerned with money flow than fundamentals. On the November WASDE
report, the USDA pegged new crop carryout at 2.008B bu with a yield of
173.4 bu/acre. The carryout over
2B bu is a burdensome corn crop
to move; however with a possible
reduction in acreage by 3 million
acres and any weather concerns in
the spring, it could very well make
the 2015/16 ending stock situation
quite interesting. The market
has done a nice job incentivizing
producers to plant corn next year,
but at the same time with prices
almost $0.70 off the lows; it would
be prudent to have sell orders
above the market for new crop
hedges. Also, South
American farmers
have had planting
issues and we could
The soybean market has been a completely
different animal from both the corn and wheat
markets lately. The soybeans continue to
be driven by demand and technical factors
as trade seems unconcerned with the
fundamental picture. We have seen soybeans
rally almost $1.70 from the September
lows, despite an anticipated record 450M
bu carryout and it is wise to look at current
levels to lock in SX15 levels as we are starring
a large increase in bean acreage in both
hemispheres next year. Now, the main factor
driving the soy market has been demand,
almost solely dependent on China. Bean and
meal exports have been running at a record
pace with soybean sales 8% of last year with
soymeal sales running 20% ahead of last
year. The recent problem has been logistics
and once some transportation is freed up
to get beans to the processors, we should
see the entire soy market ease with record
production. Also, meal basis continues to sure
higher now at +75 Decatur as the pipeline
remains slow going. Crush margins are
running $3+ for processors and as a result
cash basis stays strong as processors are
willing to pay up for beans. However, soymeal
prices are over a $40 premium to South
American meal prices. Soybeans continue to
receive insatiable demand; however with a
record crop in 2014/15 and the potential for
another record crop with normal weather
in 2015/16, producers should be aggressive
marketing new crop beans because as
mentioned above, we could very well see SX15
futures below $9.
see Brazil’s Safrina corn acreage
down by 15-25%. If corn acres
continue to decline and bean acres
increase, the US corn picture could
change drastically and it would
be beneficial to continue to plant
corn acres as an increase in bean
acres in both the US and SA would
suggest sub $9.00 soybean futures.
The corn market has now become more concerned with money flow thanfundamentals.
Bean and meal exports have been running at a record pace with soybean sales 8% of last year with soymeal sales running20% ahead of last year.
Overall, with US long-rice expected to see the lowest prices since 2010/11, the producer should be aggressive about marketing their rice crop.
top related