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The Archer Daniels Midland Co. (ADM) logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. Photo: REUTERS/Brendan McDermid
Markets, Reuters

ADM profit more than doubles on strong crush margins, vegoil demand

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Global grain trader Archer-Daniels-Midland Co said on Tuesday its third-quarter profit more than doubled, as strong oilseed crushing margins and rising vegetable oil demand boosted its core agricultural services and oilseeds unit. The Chicago-based U.S. grains merchant is anticipating the favorable demand and margin environment to continue supporting results in the fourth quarter and foresees […] Read more
Montecitorio, house of italian parliament, Rome. Italy. Photo: masterlu/iStock/Getty Images Plus
Reuters

Italy vetoes sale of seed producer to Chinese-owned Syngenta

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Rome | Reuters – Italy has prevented Chinese-owned group Syngenta from buying vegetable seed producer Verisem, government officials said, underscoring Prime Minister Mario Draghi’s commitment to shield key assets from unwanted foreign bids. The decision, made at a cabinet meeting on Oct. 19 but not yet made public, marks the first time Italy has vetoed […] Read more
Photo: Thinkstock
Poultry/Eggs, Reuters

Cargill, Continental Grain to buy chicken producer Sanderson Farms for $4.5 bln

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Reuters – Commodities trader Cargill Inc and agricultural investor Continental Grain Co will buy chicken producer Sanderson Farms Inc for $4.53 billion, the companies said on Monday, at a time when meat prices have been soaring due to strong demand. The deal would see Sanderson Farms, the third-largest poultry producer in the United States, join […] Read more
The logo and trading info for Corteva Agriscience displayed on the New York Stock Exchange in New York. Photo: Reuters/Brendan McDermid
Reuters

Corteva lifts sales forecast on strong demand for crop protection products, seeds

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Reuters – Corteva Inc on Thursday raised its net sales forecast for the year after strong demand for crop protection products such as herbicides and insecticides helped the agricultural company beat estimates for the second quarter. Corteva also announced a new $1.5 billion share repurchase program, in addition to a $1 billion buyback announced in 2019, […] Read more
Photo: Bayer
Markets, Reuters

Bayer Q2 misses forecasts as costs, forex effects bite

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Frankfurt | Reuters – Bayer shares fell to their lowest levels in more than seven months after the German agricultural and pharmaceuticals group reported lower-than-expected second-quarter core earnings due to higher production costs and currency headwinds. Second-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) before special items fell 10.6 percent to 2.58 billion euros ($3.05 billion), […] Read more
Union Forage general manager Geoff Barker, right and company president Graeme Finn in the southeast Calgary company headquarters and distribution centre.
Cattleman’s Corner, Forages, Livestock

Union Forage hits the ground growing

Small seed company finding its way into western Canadian pastures

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It started with one Alberta beef producer looking for a productive and profitable way to achieve year-round grazing on his own farm. Six years later it’s an expanding forage seed company with a team of specialists urging producers to think outside the paddock perimeter. Union Forage, headquartered in Calgary, was an idea launched by southwestern […] Read more
Jason McNaughton says Sollio Agriculture specialists will continue to work closely with swine, dairy and poultry producers.
Livestock, News

Sollio Agriculture name comes west

Larger company strengths livestock nutrition business

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Western Canadian livestock producers will be seeing a new name at various retailers across the West as the long-operating Standard Nutrition Canada is replaced with the Sollio Agriculture name. Based in Quebec, but now with a reach across the country, Sollio Agriculture is a co-op-structured company providing a wide range of crop input and livestock […] Read more

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