Cargill Archives - Page 11 of 20

U.S. CFTC awards nearly US$2.5 million to Cargill whistleblower

By Reuters, GFM Network News June 25, 2019

Chicago | Reuters — The U.S. Commodity Futures Trading Commission has awarded about US$2.5 million to a whistleblower in a 2017 case against global grain trader Cargill over alleged violations in how it handled trades, the agency said Tuesday. The award, while significant in size, was reduced “because of the whistleblower’s delay in reporting” the […] Read more

Jim Smolik, shown here in a 2014 photo, contravened two sections of the Conflict of Interest Act, Ethics Commissioner Mario Dion says in a report released May 30, 2019. (Manitoba Co-operator photo by Allan Dawson)

Crops

Former CGC assistant chief commissioner broke conflict rules

By Allan Dawson, GFM Network News June 3, 2019

Jim Smolik, a former Canadian Grain Commission (CGC) assistant chief and acting chief commissioner, contravened post-employment obligations under the federal Conflict of Interest Act while working for Cargill Canada. That’s according to a 24-page report released May 30 by Conflict of Interest and Ethics Commissioner Mario Dion. Dion ruled Smolik breached Sections 33 and 35(2) […] Read more

Ardent Mills’ flour mill at Rush City, Minn., about 80 km north of St. Paul. (ArdentMills.com)

Cereals, Crops, Reuters

Ardent Mills to close four U.S. flour mills

By GFM Network News May 10, 2019

Reuters — Ardent Mills will close three U.S. flour mills next month and a fourth in the first quarter of 2020, the flour miller and food ingredient maker announced Friday. The company, a joint venture between ConAgra Foods, Cargill and CHS, said the closures were necessary due to “anticipated demand and to enhance the efficiency […] Read more

Beef Cattle, Livestock, Markets, Reuters

Walmart creating own Angus beef supply chain

By GFM Network News April 24, 2019

Reuters — Walmart Inc. is taking control of the supply chain for Angus beef sold in some of its stores, cutting out meat processors as the company looks to offer higher quality products in an intensely competitive grocery industry. The world’s largest retailer said Wednesday the move would allow it to ensure supplies of quality […] Read more

Beef Cattle, Livestock, Markets, Reuters

R-CALF suit alleges U.S. packers conspired to suppress fed cattle prices

By GFM Network News April 23, 2019

Reuters — Four of the largest U.S. beef-packing companies were accused in a lawsuit on Tuesday of violating federal antitrust law by conspiring to drive down prices they paid ranchers for cattle, even as retail beef prices hovered near record levels. Tyson Foods, Cargill, the JBS USA unit of Brazil’s JBS and National Beef Packing […] Read more

A freighter is loaded with grain from a terminal at Vancouver’s Burrard Inlet. (Maxvis/iStock/Getty Images)

Crops, Machinery

Regulator rips CN’s use of freight embargoes at West Coast

By GFM Network News April 15, 2019

Canadian National Railway has been found in breach of its service obligations on grain and other traffic by a federal regulator aiming to crack down on the company’s use of freight embargoes. The Canadian Transportation Agency on Monday released its determination on “possible freight rail service issues in the Vancouver area” last fall. The regulator […] Read more

Louis Dreyfus’ oilseed processing plant at Yorkton, Sask. (LDC.com)

Crops

Grain trade regional tie-ups seen more likely over mega-deals

By Reuters, GFM Network News March 26, 2019

Paris | Reuters — The agricultural trading industry can expect more consolidation at a regional level in an effort to improve margins, but big deals between global merchants are becoming more difficult, Louis Dreyfus’ CEO said. Merchants have been grappling with lower profits from sourcing and shipping commodities such as grain and oilseeds, prompting cutbacks […] Read more

Nebraska State Police tweeted aerial footage on March 15, 2019 showing cattle stranded on tiny islands in floodwaters around Fremont, about 50 km northwest of Omaha. (Nebraska State Police photo via @NEStatePatrol on Twitter)

General, Markets, Reuters, Weather

U.S. farm belt slammed by floods, heavy snow from bomb cyclone

By GFM Network News March 18, 2019

Reuters — A harsh late-winter storm broadsided a vast swath of the U.S. agriculture industry this week as heavy snow closed roads and buried cattle in the Plains while excessive rain flooded Midwest fields and swamped grain elevators. A “bomb cyclone” hurled hurricane-force winds, sparked tornadoes and dumped heavy snow and rain across the Plains […] Read more

Strip steak with mushrooms. (Photo courtesy Canada Beef Inc.)

General, Markets, Reuters

Pacific pact spurs Canadian ag sales to Japan as U.S. watches

By Rod Nickel, GFM Network News January 10, 2019

Winnipeg | Reuters — At the Canadian embassy in Tokyo last month, beef promoters flew in a chef from Canada to cook New York strip steaks for hungry Japanese importers and restaurant suppliers. The annual Canadian beef buffet reception attracted 126 people, up sharply from the usual 30 to 40. A trade deal among Pacific […] Read more

General, Markets, Reuters

Cargill’s net earnings down as trade fight bites

By GFM Network News January 3, 2019

Chicago | Reuters — Grains trader Cargill on Thursday reported a 20 per cent drop in its fiscal second-quarter 2019 net earnings, as global trade tensions hit the bottom line along with challenges in the Chinese hog sector and a struggling U.S. dairy business. Three of the company’s four business units reported results that were […] Read more

Daily Network News

Hormuz-driven fertilizer shortage could raise grain prices, Goldman Sachs says

Prairie forecast: Arctic air keeps spring warming at bay

Feed Grain Weekly: Seasonal gains expected this spring

Tag Archives Cargill