ADM Archives - Page 9 of 10

U.S. grain firms rejecting GMO crops that lack global approval

By GFM Network News May 6, 2016

Reuters — Across the U.S. Farm Belt, top grain handlers have banned genetically modified crops that are not approved in all major overseas markets, shaking up a decades-old system that used the world’s biggest exporting country as a launchpad for new seeds from companies such as Monsanto. Bold yellow signs from global trader Bunge are […] Read more

Crops, Machinery, Reuters

ADM suing CP over 2013-14 rail service disruptions

By GFM Network News March 23, 2016

Chicago | Reuters –– Archer Daniels Midland has filed a lawsuit against Canadian Pacific Railway over service disruptions in 2013 and 2014 at crop-processing plants in North Dakota and Minnesota, alleging they stemmed partly from cost-cutting and the Canadian railroad’s pursuit of merger partners. Chicago-based ADM, one of the world’s largest grain traders and processors, […] Read more

Crops, Reuters

Gavilon names former ADM exec as CEO in management reshuffle

By Michael Hirtzer, GFM Network News February 26, 2016

Reuters — Gavilon LLC has hired a former executive from rival Archer Daniels Midland to take the helm following a big reshuffle at Gavilon, a major U.S. grain merchant, in the latest sign that the commodities rout is upending global merchants. In a statement, the company, owned by Japanese trading house Marubeni, named Lewis Batchelder […] Read more

Crops, Machinery, Weather

Manitoba pledges more law on nutrient loading

By Grainews Staff, GFM Network News November 21, 2015

More legislation to cut nutrient loading into Lake Winnipeg and other water bodies is among the shorter-term commitments in the Manitoba government’s latest throne speech. In the speech, which Lt.-Gov. Janice Filmon delivered Monday, Premier Greg Selinger pledges to “work with all partners to reduce nutrient loading” in Lake Winnipeg and work to prevent further spread of […] Read more

Livestock

Alltech to buy up Canadian feed firm Masterfeeds

By Grainews Staff, GFM Network News November 11, 2015

Animal nutrition firm Alltech is set to make itself one of Canada’s top animal food and livestock feed players, with a deal in hand to buy the stake in Masterfeeds it doesn’t already own. Alltech, a Lexington, Kentucky-based international firm in aggressive acquisition mode, announced Tuesday it will buy all outstanding shares of Masterfeeds, Inc. […] Read more

Canola, Corn, Crops, Markets, Reuters, Soybeans

ADM increases stake in Wilmar

By GFM Network News October 20, 2015

Chicago | Reuters — U.S. grains trader Archer Daniels Midland has increased its stake in Wilmar International of Singapore, in its latest bid to expand in Asia. ADM’s purchases represented about 22 per cent of Wilmar shares traded on Singapore’s exchange on Tuesday, Wilmar said in a regulatory filing. Wilmar shares reached their highest price […] Read more

Canola, Crops, Markets, Pulses, Reuters

Legumex to sell processing plants, wind down company

By Rod Nickel, GFM Network News September 14, 2015

Winnipeg | Reuters –– Prairie special crops firm Legumex Walker said Monday it has agreed to sell its pulse and special crop processing plants and expects to sell its U.S. canola-crushing facility, allowing it to wind down the company. Winnipeg-based Legumex plans to sell its special crops division, which includes 14 plants in Canada, the […] Read more

Crops, Markets, Reuters

ADM’s Q1 profit jumps on strong oilseed processing results

By GFM Network News May 5, 2015

Chicago | Reuters –– U.S. agribusiness Archer Daniels Midland on Tuesday reported higher-than-expected quarterly profit on strong oilseed crushing margins and robust global demand for soybean meal. Revenue, however, fell 15 per cent as the strong dollar limited U.S. grain exports, and corn processing profit fell on weak ethanol margins and lower biofuel production volumes. […] Read more

Canola, Crops, Markets, Soybeans

ADM to upgrade crush plants for soy

By Grainews Staff, GFM Network News April 27, 2015

Archer Daniels Midland plans to get ahead of increased soy acreage on the Prairies by upgrading two crushing plants to handle more soybeans. The U.S. agrifood firm said Monday it will upgrade its processing plant at Enderlin, N.D., about 80 km southwest of Fargo, to crush soybeans as well as canola and sunflower seed. At […] Read more

Crops, Markets, Reuters

ADM buys Belgian veg oils company AOR

By Reuters, GFM Network News March 30, 2015

Reuters — Archer Daniels Midland is buying AOR NV, a privately held edible oils bottler and distributor based in Antwerp, Belgium, the U.S. grain company said Monday. Chicago-based ADM did not disclose the cost of the purchase, its latest acquisition aimed at expanding into higher-margin products including food-grade oils and food ingredients. ADM bought Swiss-German […] Read more

GFM Network News

U.S. grains: Soy futures dip as traders await China sales; corn, wheat sag

Seeds Canada announces Dan Wright as new CEO

Australia raises wheat harvest estimate by nearly two million tonnes

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