Gavilon Group Llc News

U.S.-based grain merchant Gavilon Group LLC said on Thursday it plans to invest $300 million in Brazil to nearly double the amount of grain it handles in the South American country. Gavilon expects to import or export 6.3 million tonnes of grain in 2015, up from 3.3 million tonnes of grain this year, the company said in a statement. A press representative said the short-term investments would be made mostly in acquisitions of other companies and logistics, especially ports, but declined to give details. Omaha-based Gavilon, owned by Japanese trading house Marubeni Corp, exports and imports wheat, soybeans, and corn in Brazil. Brazil…

Deep discounts for Brazilian soybeans are creating an unexpected new market with U.S. processors and animal producers far upstream in the heart of the Midwest farm belt where the beans will be shipped on barges. While light soybean imports by U.S. users along the Gulf and East Coast are not uncommon, it has been nearly two decades since South American supplies were unloaded at the Louisiana Gulf and towed up the Mississippi River to inland processors. The current trend reverses the usual flow of barge traffic and sees ports around New Orleans which usually load ocean-going ships with beans switching to unloading arrivals onto barges.