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.
The soybean market is still reeling from USDA's July 11 supply and demand report where soybean ending stocks for 2013-2014 were increased to 140 mb, due to a reduction of residual use to a minus 69 million bushels. Maybe you are asking yourself: How can a demand category can possibly be negative?