Polina Tankilevitch | PEXELS

May 27, 2022

Global Processing Acquires Minnesota Soy Processing Facility

Location in Steele County was strategically chosen to improve service and product offerings

Global Processing, a manufacturer of NON-gmo and organic food ingredients, has entered into an agreement to purchase a soy processing facility in Hope, MN.

The location in Steele County was strategically chosen as part of Global Processing's expansion plan to improve service and product offerings to soy customers around the world.

The facility is currently 90% operational and on pace for trial operation by the 2022 harvest. Full scale operations will occur by December of this year.

Local farmers, global buyers of soy benefit

The acquisition will have a positive impact on local farmers who are capable of producing high quality soybeans, said Carey Williams, CEO at Global Processing.

"There is a strong base of experienced soy producers in the region around Hope who excel at growing some of the best food grade soy," said Williams.

"We are excited to partner with those farmers and provide them with a competitive marketing channel for their specialty soybeans."

New soy facility allows worldwide access

Global Processing's new facility will allow the company to better serve its customers around the world.

It is near five operating shipping container yards, providing service to east coast, west coast and south coast USA ports.

"With the challenging worldwide container access issues in 2021, our company prioritized and escalated this acquisition as a direct response to the needs of our customers," said Rob Prather, chief ambassador at Global Processing.

"The operation provides capacity support for existing specialty products underserved by market demand. In addition to the current product lines, it will supply new products, proteins, & ingredients that help buyers operate more efficiently. This leads to less reliance on logistics thus helping contribute to a reduced global footprint."

Feed & Grain Staff

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Magazine

Marketwatch: Jul, 03

US Corn Price Idx: ZCPAUS.CM

open: 7.1488
high: 7.3886
low: 7.0173
close: 7.0525

US Soybean Price Idx: ZSPAUS.CM

open: 15.7324
high: 16.5525
low: 15.3323
close: 15.3637

US Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 9.0002
high: 9.0773
low: 8.5501
close: 8.6212

US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 8.1033
high: 8.308
low: 7.749
close: 7.8078