GFM Network News


(ADM.com)

ADM beats profit estimates but revenue disappoints

Reading Time: 2 minutes Reuters — Global grains trader Archer Daniels Midland beat Wall Street estimates for quarterly profits on Thursday, helped by strength in its grain milling and nutrition businesses. Still, revenue missed analysts’ expectations and net earnings attributable to the company were 44 per cent lower than a year earlier. Shares were down nearly three per cent […] Read more

Charles Baron and partners brought FBN to Canada in 2018 when it bought Saskatchewan-based Yorkton Distributors. (FBN video screengrab via YouTube)

Competition Bureau probing big ag chem companies

Probe to look at firms' response to FBN's arrival in Canada

Reading Time: 2 minutes Reuters — The Canadian Competition Bureau said on Thursday it was investigating certain agriculture companies for alleged anticompetitive practices over allegations of trying to block an online farm-supply startup from doing business in Western Canada. The regulator did not provide details on specific companies involved in the probe, but documents filed on Jan. 30 in […] Read more


Piglets at a hog operation in China. The U.S.-China trade war and the impact of African swine fever are taking their toll on Bunge’s agribusiness earnings. Photo: KuLouKu/iStock/Getty Images

Bunge shares slide as China trade war, pig disease upset exports

Reading Time: 2 minutes Reuters – Agricultural merchant Bunge Ltd warned on Wednesday of a drop in annual profits due to mounting challenges to its grain trading and processing business from the U.S.-China trade war and a fatal pig disease in Asia, sending shares down more than 4 percent. The company reported better-than-expected third-quarter profits, driven by higher margins […] Read more