Owensboro Grain Company produces a vast array of products from soybeans at its plant locations on the Ohio River in western Kentucky. The company’s soy products include protein meal and hull pellets for animal feeds, crude and degummed oil, lecithin, various blends of refined vegetable oil for human consumption, biodiesel and glycerin.
Because of our location on the Ohio River, we respond quickly to market demands by being able to ship by truck, rail, or river. Being located on the River makes our Company a perfect supplier to the world marketplace. We represent a small segment of the soy processing industry; however, as a former CEO once said “if you’re little, you have to be quick.” So, we make a conscientious effort to respond rapidly to customer demands.
We strive for perfection at each step of our processing operations. It starts with the inspection of inbound soybeans and the management of grain elevator logistics. This desire to exceed expectations continues in the soybean crushing plant, where protein specs and crude oil quality are monitored. Then, we strive to maintain excellence in the edible oil refinery, where bleaching, deodorization and hydrogenation take place.
As the 2014-15 crop marketing year draws to a close, let's look at how basis fared in the past 12 months. In general, at the end of August 2015, corn, soybean and wheat basis is about 30 to 40 cents weaker than the 5-year averages for each crop.