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Sep 18, 2020

Texas Port Elevator Resumes Grain Shipments

West Plains invested at least $13M in rebuilding and upgrading grain elevator at the port

source: The Brownsville Herald

It’s been about four years since the Port of Brownsville, TX, signed an agreement with agricultural commodity trading firm West Plains LLC to lease the port’s long-idled grain elevator and get it back in operation.

The Brownsville Herald reports that West Plains, a subsidiary of Houston-based BioUrja Group, invested at least $13 million in rebuilding and upgrading the facility and its electrical and conveyance systems, and in recent years the 3 million-bushel elevator has been active, transferring grain commodities like corn and sorghum to and from rail cars and trucks.

Late last month, 13 years after grain last crossed the bulk dock, 34,000 metric tons of Rio Grande Valley sorghum was loaded from the elevator onto the deep-draft vessel M/V Tian Fu for export to China. It was the first of four sorghum shipments West Plains plans to ship from Brownsville to China this year, according to the port.

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Marketwatch: Dec, 08

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open: 5.6819
high: 5.7536
low: 5.6532
close: 5.7307

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open: 12.2544
high: 12.3253
low: 12.097
close: 12.17

cmdty National Hard Red Winter Wheat Price Idx:KEPAUS.CM

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high: 8.0626
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close: 8.0544

cmdty National Soft Red Winter Wheat Price Idx:ZWPAUS.CM

open: 7.5224
high: 7.6072
low: 7.4824
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