Nov 11, 2022

Agtegra Cooperative invests in PNW export grain terminal

Agtegra joins Bunge and Pan Ocean America as partners in EGT, LLC.

Jason klootwyk agtegra cooperative
Jason Klootwyk, Agtegra CEO

Agtegra Cooperative has finalized the acquisition of a minority interest in EGT, LLC, which operates an export grain terminal in the Pacific Northwest that is fed by four high-capacity elevators in Montana.

“We are very excited to become a partner in EGT to provide Agtegra customers greater access to the global market,” said Jason Klootwyk, Agtegra Cooperative CEO.

“Agtegra continues to focus on growth that expands our presence along the supply chain and this acquisition provides balance in our grain portfolio as we push farther down the export value chain.”

Other EGT partners serving the grain industry

Agtegra joins Bunge and Pan Ocean America, an affiliate of Harim, an integrated Korean group, as partners in EGT.

“We are pleased to add Agtegra as a partner, expanding EGT’s origination capabilities to ensure a reliable flow of products to the export terminal in Longview, Washington,” said Jason Gertken, EGT president.

“We also look forward to working with Agtegra’s farmer members to increase opportunities to reduce our carbon footprint through regenerative ag practices.”

EGT Longview Export Grain Terminal

  • Handles wheat, corn, soybeans, soybean meal, and DDGS through both barge and rail
  • Able to unload 120,000 bushels of grain per hour, unloading a 110-car train in less than 5 hours
  • Best-in-class technologies, including telescoping spouts and air conveyor belt system, save energy and the environment
  • Averages more than 100 vessels calling on the Port of Longview

Agtegra Cooperative is headquartered in Aberdeen, SD. It is owned by over 6,800 farmers and ranchers, predominantly in North and South Dakota, with a network of over 70 locations and 850 employees.

EGT operates the first export grain terminal built in the U.S. in over 25 years, a state-of-the-art facility featuring higher speed and greater flexibility and efficiency. EGT operates four high capacity elevators in Montana. Located in key draw areas for wheat, this network of facilities on the Burlington Northern Santa Fe railroad provides efficient service to the terminal in Longview, Washington.

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Marketwatch: Nov, 29

US Corn Price Idx: ZCPAUS.CM

open: 6.7287
high: 6.7755
low: 6.7002
close: 6.7455

US Soybean Price Idx: ZSPAUS.CM

open: 14.0883
high: 14.3903
low: 14.0583
close: 14.3458

US Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 8.7892
high: 8.7917
low: 8.53
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US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 6.8766
high: 6.9455
low: 6.8393
close: 6.9087