Cargill Archives - Page 13 of 20

ADM, Syngenta settle suit over biotech corn exports

By GFM Network News February 16, 2018

Chicago | Reuters — U.S. grain merchant Archer Daniels Midland has settled a lawsuit with Syngenta over the seed company’s launch of a biotech corn strain that roiled grain exports to China, according to regulatory documents filed on Friday. ADM sued Syngenta four years ago for selling the corn variety known as Agrisure Viptera or […] Read more

Cargill’s elevator at Oakner, Man., about 10 km south of Hamiota. (Hamiota.com)

Crops

Cargill to expand western Manitoba elevator

By Grainews Staff, GFM Network News January 18, 2018

Agrifood firm Cargill expects to provide more marketing opportunities for western Manitoba growers — particularly of soybeans — with a major elevator expansion. The U.S. company’s Winnipeg-based Canadian arm on Thursday announced it will put up $15 million to add 9,000 tonnes of storage capacity to its 13,500-tonne capacity elevator at Oakner, Man., about 70 […] 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

Crops, News

Cargill expands its ProPricing program

This pricing program is now available to western Canadian canola and soybean growers

By Angela Lovell November 14, 2017

Cargill is expanding its ProPricing grain marketing program to canola and soybeans growers in Western Canada for the 2017-18 season. Cargill has been offering ProPricing in Western Canada only for hard spring red wheat over the past four years, but felt it was a logical time to expand into other western Canadian grown commodities. “Basically, […] Read more

Reuters

Cargill fined $10 million for inaccurate swaps information: CFTC

By Michael Hirtzer, GFM Network News November 6, 2017

Washington/Chicago/Reuters – Cargill Inc will pay a $10 million fine for providing inaccurate information on swaps to protect its revenue, and for failing to supervise the company’s swap dealers, the Commodity Futures Trading Commission said on Monday. The CFTC said that beginning in 2013, Cargill did not comply with regulations on thousands of complex swaps […] Read more

Cow-Calf, Finishers, Livestock

Cattle traceability to pay off in Cargill pilot

By GFM Network News November 1, 2017

UPDATED, Nov. 2 — A pilot program running through one of Canada’s biggest beef packing plants aims to test systems that can show consumers the exact path of their beef from ranch to restaurant — and reward cattle producers for their trouble. Cargill on Wednesday announced a new year-long Canadian Beef Sustainability Acceleration pilot, with […] Read more

McDonald’s in 2015 launched a billboard campaign in Canada profiling products made using Canadian meat and potatoes. (Dave Bedard photo)

Livestock, Poultry/Eggs, Reuters

McDonald’s sets new welfare standards for chicken suppliers

By GFM Network News October 27, 2017

Chicago | Reuters — McDonald’s Corp. will require suppliers to improve the living conditions and slaughter process for chickens raised to be served in its restaurants, the company said on Friday, the latest changes affecting popular menu items such as McNuggets. Under new guidelines for animal welfare, suppliers such as Tyson Foods and Cargill must […] Read more

Crops, Machinery, Reuters

CSX customers demand end to shipping bottlenecks

By GFM Network News October 11, 2017

Reuters — The head of No. 3 U.S. railroad CSX promised on Wednesday to improve service as companies such as Cargill demanded greater accountability and fewer delays, criticizing an overhaul CSX launched six months ago. Customers have complained of longer transit times, unreliable switching operations, inefficient car routings and poor communications with CSX customer service. […] Read more

Prairie forecast: Merging lows bring plenty of chances for rain

Glencore says long-term strategy may involve sale of Bunge stake

Bayer CEO: we will have to stop U.S. glyphosate production if nothing changes

GFM Network News