Photo courtesy of Cargill

Jan 24, 2023

Cargill completes acquisition of Owensboro Grain

Addition of Kentucky soy processor will help increase Cargill's capacity across its North American oilseeds network.

Cargill has completed the acquisition of Owensboro Grain Co., a fifth-generation, family-owned soybean processing facility and refinery located in Owensboro, Kentucky.

“Today marks a significant milestone as we weclome Owensboro Grain Company into our Cargill family,” said Leonardo Aguiar, president of Cargill’s North American agricultural supply chain.

“The addition of Owensboro Grain is an essential step on our journey to creating a connected, resilient and modernized grain experience for our customers and the markets we serve.”

Cargill says the addition of Owensboro Grain Company will enhance Cargill’s efforts to increase capacity across its North American oilseeds network to support growing demand for oilseeds driven by food, feed and renewable fuel markets.

New chapter for Owensboro Grain Co.

“We are excited for this new chapter in the life of Owensboro Grain Co. and believe an acquisition by Cargill will ensure the long-term success of the company,” said Helen Cornell, president and CEO of the family-owned soy processor.

Cornell said Cargill has the ability to capitalize on growing opportunities in the industry, such as renewable energy.

"The acquisition will ensure that Owensboro Grain Co., its employees, farmers, customers and the community are best positioned for the future," said Cornell. "We are excited to transfer ownership to another multi-generational family held enterprise with global access to markets and capabilities to ensure the future growth of our business. Cargill has the global resources necessary to support Owensboro Grain Company's growth goals and operations.”

Lisa Cleaver

Sponsored Items

Recently Added to Buyer's Guide

Glyphosate-V

  • Quantitative method to detect glyphosate in various sample types, such as cereal grains
  • Results in 15 minutes

NeoSpectra

  • Instant, on-site analysis of feeds and feed ingredients
  • Platform includes easy-to-use software

MaconFortress Permanent Storage Cover

  • 15-year fabric warranty
  • Withstands high speed winds

Hoop Building

  • Economical solution for permanent grain storage
  • Lower electric and labor costs than grain piles/bunkers

BBU Big Bag Unloader

  • Modular system can be equipped with vibrating motor, pneumatic under massagers and stretch system
  • Designed to discharge difficult products, such as fine powders, in tight spaces

CUB Railcar Mover

  • Designed to move single railcars or groups of cars
  • For small- to mid-size loading, unloading and repositioning applications

Magazine

Marketwatch: Feb, 03

US Corn Price Idx: ZCPAUS.CM

open: 6.8469
high: 6.89
low: 6.7703
close: 6.7819

US Soybean Price Idx: ZSPAUS.CM

open: 14.8664
high: 14.9765
low: 14.8437
close: 14.9358

US Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 8.5216
high: 8.5338
low: 8.3169
close: 8.4194

US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 7.0784
high: 7.0809
low: 6.8993
close: 7.005