ADM Archives - Page 6 of 10

Bunge names acting CEO, cuts 2018 guidance

By Reuters, GFM Network News January 22, 2019

Reuters — Global grains trader Bunge appointed one of a slew of new board members as its acting CEO on Tuesday and cut its 2018 earnings forecast as the U.S.-China trade war battered soybean prices and devalued the company’s inventory in Brazil. Gregory Heckman, a founding partner of private investment firm Flatwater Partners and former […] Read more

A sign, declaring the U.S. National Archive closed due to a partial federal government shutdown, is shown on Dec. 22 in Washington, D.C. (File photo: Reuters/Joshua Roberts)

Crops, Markets, Reuters

Is China buying U.S. soy? Washington shutdown keeps traders guessing

By GFM Network News December 28, 2018

Chicago | Reuters –– Commodity traders are in the dark because of the partial U.S. government shutdown, unable to see daily and weekly reports of agricultural exports to obtain clues as to whether China is following through with promises to buy grain and soy amid the ongoing trade war. Traders have been anxiously awaiting proof […] Read more

Valero Energy’s ethanol plant at Aurora, S.D., about 90 km north of Sioux Falls. (Valero.com)

Crops, Markets, Reuters

U.S. ethanol producers seek reforms as markets plunge, ADM sells

By Michael Hirtzer, GFM Network News December 18, 2018

New York/Chicago | Reuters — U.S. ethanol producers stung by collapsing prices are seeking changes to the way benchmark values for the biofuel are established, arguing the current system used by exchanges is vulnerable to manipulation, according to sources. The push comes as the key farm belt industry struggles with weak demand growth, a loss […] Read more

Crops, Reuters

Bunge CEO Schroder to step down amid investor pressure

By Reuters, GFM Network News December 10, 2018

Reuters — Bunge CEO Soren Schroder is stepping down after five years at the helm of the global agribusiness, following months of pressure from shareholders to shake up the company amid a prolonged grain market slump. The management change is the latest event to rattle the two-century-old commodities trader after a stretch of particularly weak […] Read more

Reuters, Soybeans

ADM profit tops estimates on export sales, oilseeds

By GFM Network News November 6, 2018

Reuters – Archer Daniels Midland Co reported a bigger-than-expected quarterly profit on Tuesday, as the U.S. grain merchant made export sales to buyers in countries other than China during an escalating trade war between Washington and Beijing. Strong margins for oilseeds crushing also boosted earnings. The United States and China have imposed tariffs on hundreds […] Read more

Crops, Reuters

Fund raises stake in Bunge, reportedly pushing for change

By Reuters, GFM Network News October 8, 2018

Reuters — Hedge fund D.E. Shaw and Co. has raised its stake in Bunge and was working with Continental Grain to make operational improvements at the grain trader, the Wall Street Journal reported, citing people familiar with the matter. Bunge’s shares were up 2.5 per cent at US$70.64 on Monday. The firms, which together own […] Read more

Crops, Machinery, Markets, Reuters

ADM ramps up ethanol sales in Chicago, irking rivals

By Michael Hirtzer, GFM Network News September 12, 2018

New York/Chicago | Reuters — Archer Daniels Midland has sold unusually high volumes of ethanol into the Chicago market since late last year as export markets dried up, driving down prices in the U.S. Midwest and angering the company’s rivals, according to traders and regulatory data. The Illinois-based global commodities powerhouse, a major ethanol producer, […] Read more

Livestock, Reuters

ADM to buy French animal feed business Neovia

By GFM Network News July 2, 2018

Paris/Chicago | Reuters — Archer Daniels Midland Company (ADM) is in exclusive talks to take over French animal feed business Neovia for 1.5 billion euros (C$2.3 billion) as part of the U.S. farm giant’s strategy to expand in the fast-growing animal nutrition sector. Neovia is majority owned by French cooperative group InVivo. Investment group Eurazeo […] Read more

Crops, Pulses

Pulse weekly outlook: Processing boom to help in long run

By GFM Network News May 29, 2018

CNS Canada — Even with one new pulse processing plant on line in Western Canada and more on the way, producers will still have to wait before these new ventures have a significant effect on marketing of their pulse crops. Numerous pulse processing plants have been announced in the last year. French company Roquette broke […] Read more

Grain sorghum under irrigation at Bushland in northern Texas. (Susan O’Shaughnessy photo courtesy ARS/USDA)

Crops, Markets, Reuters

China retreats from U.S. sorghum probe amid global market havoc

By GFM Network News May 18, 2018

Beijing | Reuters — China dropped its anti-dumping probe into imports of U.S. sorghum on Friday, beating a hasty retreat from a dispute that wreaked chaos across the global grain market and raised concerns about rising costs and financial damage at home. The move was seen as a goodwill concession as Chinese Vice-Premier Liu He […] Read more

GFM Network News

Australia raises wheat harvest estimate by nearly two million tonnes

Spain deploys military to contain African swine fever near Barcelona

U.S. livestock: Chicago cattle futures climb on post-Thanksgiving trade

Tag Archives ADM

Bunge names acting CEO, cuts 2018 guidance

Is China buying U.S. soy? Washington shutdown keeps traders guessing

U.S. ethanol producers seek reforms as markets plunge, ADM sells

Bunge CEO Schroder to step down amid investor pressure

ADM profit tops estimates on export sales, oilseeds

Fund raises stake in Bunge, reportedly pushing for change

ADM ramps up ethanol sales in Chicago, irking rivals

ADM to buy French animal feed business Neovia

Pulse weekly outlook: Processing boom to help in long run

China retreats from U.S. sorghum probe amid global market havoc

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