ADM Archives - Page 8 of 10

(ADM photo by Dave Bedard, Bunge photo via Bunge)

ADM reported making takeover approach to Bunge

By Rod Nickel, GFM Network News January 19, 2018

Reuters — Top U.S. grains merchant Archer Daniels Midland has proposed a takeover of Bunge Ltd., the Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with London-based rival Glencore. Large grain traders which make money by buying, selling, storing, shipping and trading crops have struggled in recent […] Read more

Crops, Reuters

Rush on to reverse U.S. tax boon for ag co-ops

By Tom Polansek, GFM Network News January 12, 2018

Chicago | Reuters — Republican U.S. senators are working with some of the world’s biggest agricultural merchants to undo a last-minute provision in the tax overhaul that threatens to distort the grains market and starve private firms of corn, soy and wheat supplies. It was included during final revisions of the tax bill that passed […] Read more

CHS Inc., the biggest farm co-operative in the U.S., is seen gaining a competitive edge against private and publicly-traded grain firms from changes to tax law affecting sales of U.S. farmers’ crops and livestock. (CHS Inc. photo)

Crops, Markets, Reuters

Major U.S. grain firms fear harm from new tax law

By Mark Weinraub, Tom Polansek, GFM Network News January 10, 2018

Chicago | Reuters — The new U.S. tax law is poised to drive more control over the nation’s grain supply to farmer-owned co-operatives, provoking concern among ethanol producers and privately run grain handlers that they could be squeezed out of the competition to buy crops. Until now, the co-operatives, private companies and publicly traded firms […] Read more

Crops, Markets, Reuters

Cargill profit falls as grain glut limits trading

By GFM Network News January 3, 2018

Chicago | Reuters – Cargill Inc reported a 6 percent drop in quarterly profits on Wednesday as a global glut of grains limited trading opportunities for the food-commodities merchant. Four years of bumper grain and oilseeds harvests have squeezed profits for Cargill and main rivals Archer Daniels Midland Co, Bunge Ltd and Louis Dreyfus Corp […] Read more

Syngenta’s Interaction Centre at Stein, Switzerland. (Syngenta.com)

Corn, Crops, Reuters

ADM, Cargill still pursue Syngenta over corn rejections

By GFM Network News September 28, 2017

Chicago | Reuters — Syngenta moved closer to putting a troubled biotech corn seed launch behind it with a US$1.5 billion settlement with farmers this week, but grain traders who filed two remaining lawsuits may be less ready to compromise, legal experts said. The company was sued three years ago by the farmers and traders […] Read more

General, Reuters, Weather

Irma whips orange trees, shuts meat plants

By GFM Network News September 11, 2017

Chicago | Reuters — Hurricane Irma stripped oranges from trees and prompted Tyson Foods to shut meat plants in Florida and Georgia on Monday to keep workers safe. Tyson, the biggest U.S. meat company, hopes to resume normal operations soon at chicken plants it shuttered in Cumming, Dawson and Vienna, Ga., and at a beef […] Read more

Reuters

Bunge leaves door open to selling itself, cuts 2017 forecast

By GFM Network News August 2, 2017

Chicago/Reuters – Bunge Ltd kept the door open on Wednesday to a sale of the company as it reported a 34 percent drop in quarterly earnings and cut its full-year outlook, but its chief executive officer predicted a grains market rebound that would reverse the slide. CEO Soren Schroder said planned cost cuts should also […] Read more

Crops, Reuters

ADM sees weaker ag services outlook on trading woes

By GFM Network News May 3, 2017

Chicago | Reuters — U.S. agricultural trader Archer Daniels Midland (ADM) on Tuesday cautioned that massive global grain stocks are making it difficult to turn a profit trading grain internationally, sending its shares plummeting despite reporting a higher first-quarter profit. The warning highlighted a string of trading woes at ADM, which has shed several key […] Read more

Crops, Reuters

Bunge profit dives as grain glut hits margins

By GFM Network News May 3, 2017

Chicago | Reuters –– U.S. agricultural trader Bunge reported on Wednesday a sharply lower first-quarter profit and cut its full-year earnings forecast as slow crop sales by farmers in South America squeezed margins in its core agribusiness unit, sending shares tumbling. White Plains, N.Y.-based Bunge said net income available to shareholders plunged 82 per cent […] Read more

Barley, Crops

ADM sells stake in Canada Malting owner GrainCorp

By GFM Network News December 1, 2016

Chicago | Reuters — U.S. agricultural commodities trader Archer Daniels Midland has sold its 19.9 per cent stake in GrainCorp to underwriters UBS, just three years after a failed bid to wholly acquire the Australian grain handler, ADM said Thursday. The sale to the Swiss bank was valued at A$387 million (C$382 million), or A$8.53 […] Read more

Daily Network News

U.S. to seek more foreign tariff cuts, CUSMA improvements in 2026

Iran conflict drives up urea prices

Speculative net long position grows in canola

Tag Archives ADM

ADM reported making takeover approach to Bunge

Rush on to reverse U.S. tax boon for ag co-ops

Major U.S. grain firms fear harm from new tax law

Cargill profit falls as grain glut limits trading

ADM, Cargill still pursue Syngenta over corn rejections

Irma whips orange trees, shuts meat plants

Bunge leaves door open to selling itself, cuts 2017 forecast

ADM sees weaker ag services outlook on trading woes

Bunge profit dives as grain glut hits margins

ADM sells stake in Canada Malting owner GrainCorp

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