first quarter Archives - Page 2 of 2

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

Crops, Reuters

Agrium posts smaller-than-expected loss for quarter

By Reuters, GFM Network News May 1, 2017

Reuters — Agrium, the world’s biggest farm retailer, reported a smaller-than-expected loss on Monday, helped by higher selling prices for potash. The Calgary-based fertilizer and ag retail firm sold 636,000 tonnes of wholesale potash in the first quarter ended March 31 at an average of $208 per tonne, compared with 456,000 tonnes at $199 per […] Read more

A CN locomotive near Jasper, Alta. (Photo courtesy CN)

Crops, Machinery

Grain handle helps CN to record first-quarter volume

By Grainews Staff, GFM Network News April 29, 2017

Canadian National Railway reports moving more Prairie grain in its first quarter than at the same time last year, despite “more demanding winter conditions” compared to 2016. Montreal-based CN on Monday reported net earnings of $884 million on overall revenues of $3.206 billion for the quarter ending March 31 (Q1), up from $792 million on […] Read more

Crops, Machinery

Grain revenue, grain handle higher in CP’s Q1

By Grainews Staff, GFM Network News April 20, 2017

Increased grain and potash traffic and revenue helped Canadian Pacific Railway book a shift to “positive volumes” in its first-quarter ledger. Calgary-based CP on Wednesday reported net income of $431 million on revenues of $1.603 billion for its quarter ending March 31, down from $540 million on $1.591 billion in the year-earlier period. “We turned […] Read more

Livestock, Markets, Reuters

Cargill profit jumps on beef demand, grain margins

By GFM Network News October 4, 2016

Reuters — Global commodities trader Cargill reported a sharply higher quarterly net profit on Tuesday, helped by rising beef demand and stronger grain trading and processing margins. The privately held company’s net income rose 66 per cent to $852 million in the first quarter ended Aug. 31 from $512 million a year earlier (all figures […] Read more

Saputo’s Canadian dairy division includes brands such as Dairyland, Neilson, Nutrilait, Baxter and Armstrong. (Dave Bedard photo)

Dairy Cattle, Livestock, Reuters

Saputo profit jumps, dividend raised

By Reuters, GFM Network News August 2, 2016

Reuters — Saputo Inc., one of Canada’s largest dairy producers, reported on Tuesday a 30 per cent jump in net earnings and boosted its quarterly dividend by 11 per cent. For Saputo’s fiscal 2017 first quarter, net income rose to $176.7 million, or 44 cents a share, from $136.4 million, or 34 cents, in the […] Read more

Hogs, Livestock

A+W books further sales growth, shifts bacon sourcing

By Grainews Staff, GFM Network News May 7, 2016

Canadian burger and root beer chain A+W has logged a 12th straight quarter of same-store sales growth, this time following a shift in pork sourcing for its bacon supply. The Vancouver-based income fund on Tuesday reported gross sales of $243.8 million among the 838 restaurants in its royalty pool for its first quarter ending March […] Read more

Hogs, Livestock, Reuters

Maple Leaf dishes up first-quarter profit

By Reuters, GFM Network News May 4, 2016

Reuters — Canadian meat processor Maple Leaf Foods reported a better-than-expected quarterly profit, helped by higher earnings in its prepared meats business. Adjusted operating earnings in the meat products segment rose nearly eight-fold to $61.3 million in the Toronto company’s first quarter, helped by lower operating costs and price increases. The company, whose brands include […] Read more

Crops

CN books lower first-quarter grain handle

By Grainews Staff, GFM Network News April 25, 2016

Higher revenue per carload offset reduced grain and fertilizer traffic for Canadian National Railway (CN) in its first fiscal quarter. Montreal-based CN on Monday reported overall net income of $792 million on total revenues of $2.964 billion for the quarter ending March 31, up from $704 million on $3.098 billion in the year-earlier Q1. The […] Read more

Beef Cattle, Crops, Markets, Reuters

Cargill Q1 profit jumps despite commodities slump

By GFM Network News October 7, 2015

Chicago | Reuters — Global commodities trader Cargill Inc. effectively navigated tumbling commodities markets and volatile currencies to turn in a 20 per cent gain in first-quarter profit, the privately held company said Wednesday. The Minnesota-based company’s grain and oilseed supply chain and energy businesses were standouts in the quarter ended Aug. 31, in stark […] Read more

U.S. criticizes Mexico’s handling of screwworm near border

U.S. grains: Soybean futures edge up as Argentina ends export tax waiver

U.S. livestock: Hog futures hit contract high, herd falls short of estimates

GFM Network News