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Harvest States Opens Grain Office in Brazil

(Monday, Feb. 17, 2003 -- CropChoice news) -- AgWeb: Harvest States, the grains and foods division of CHS Cooperatives, today announced the opening of a Brazil-based grain marketing office. Known as Harvest States do Brasil Ltda, this wholly owned subsidiary originates and markets primarily soybeans for export to Pacific Rim and European buyers.

Harvest States do Brasil Ltda, currently in temporary office space, will headquarter in Sao Paulo, Brazil. Stefano Rettore, currently involved in originating and exporting soybeans in Brazil, will lead the group of 20 employees. Harvest States will not own or acquire any elevators or terminals as part of this new business.

"As our grain customers have grown increasingly global, so have their expectations that Harvest States would become global alongside them," said Rick Browne, senior vice president, Harvest States. "Today's grain buyer demands seamless, year-round commodity supplies. The Brazilian soybean harvest counterbalances the U.S. season, so Harvest States can truly become a full-service grain originator for all of our customers. That is critical to maintain and strengthen our position in the global grain markets, and to continue to add value for our member-owners."

Moving nearly a billion bushels annually, Harvest States current stands as the third largest grain exporter in the U.S. It markets predominantly soybeans, wheat, corn, barley, oats and milo, along with specialty crops such as sunflowers, flax and canola.

Source: AgWeb.com