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Tag Archives ADM

(Photo courtesy Agrium)
Crops, Reuters

Vale fertilizer sale seen on track despite review

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Reading Time: 2 minutes Rio de Janeiro | Reuters — Vale SA’s plan to dispose of fertilizer assets remains on track despite a request last week by Brazil’s state development bank, BNDES, to analyze the transaction more carefully, according to two people with direct knowledge of the situation. Terms of the deal, which involves the sale of certain assets […] Read more
(ADM.com)
Crops, Reuters

ADM eyes ethanol asset sales as weak margins hit Q2

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Reading Time: 2 minutes Chicago | Reuters — U.S. grain trader Archer Daniels Midland is pulling back in ethanol and exploring sales of its corn dry mills that produce the biofuel, the company said Thursday after reporting a lower second-quarter profit due partly to weak ethanol results. Chicago-based ADM, one of the world’s top ethanol makers, has made presentations […] Read more
(ADM.com)
Crops, Machinery, Reuters

ADM suing CP over 2013-14 rail service disruptions

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Reading Time: 2 minutes Chicago | Reuters –– Archer Daniels Midland has filed a lawsuit against Canadian Pacific Railway over service disruptions in 2013 and 2014 at crop-processing plants in North Dakota and Minnesota, alleging they stemmed partly from cost-cutting and the Canadian railroad’s pursuit of merger partners. Chicago-based ADM, one of the world’s largest grain traders and processors, […] Read more
(Gavilon.com)
Crops, Reuters

Gavilon names former ADM exec as CEO in management reshuffle

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Reading Time: 2 minutes Reuters — Gavilon LLC has hired a former executive from rival Archer Daniels Midland to take the helm following a big reshuffle at Gavilon, a major U.S. grain merchant, in the latest sign that the commodities rout is upending global merchants. In a statement, the company, owned by Japanese trading house Marubeni, named Lewis Batchelder […] Read more
(Dave Bedard photo)
Crops, Machinery, Weather

Manitoba pledges more law on nutrient loading

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Reading Time: 2 minutes More legislation to cut nutrient loading into Lake Winnipeg and other water bodies is among the shorter-term commitments in the Manitoba government’s latest throne speech. In the speech, which Lt.-Gov. Janice Filmon delivered Monday, Premier Greg Selinger pledges to “work with all partners to reduce nutrient loading” in Lake Winnipeg and work to prevent further spread of […] Read more
(Alltech.com)
Livestock

Alltech to buy up Canadian feed firm Masterfeeds

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Reading Time: 2 minutes Animal nutrition firm Alltech is set to make itself one of Canada’s top animal food and livestock feed players, with a deal in hand to buy the stake in Masterfeeds it doesn’t already own. Alltech, a Lexington, Kentucky-based international firm in aggressive acquisition mode, announced Tuesday it will buy all outstanding shares of Masterfeeds, Inc. […] Read more
(ADM.com)
Canola, Corn, Crops, Markets, Reuters, Soybeans

ADM increases stake in Wilmar

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Reading Time: < 1 minute Chicago | Reuters — U.S. grains trader Archer Daniels Midland has increased its stake in Wilmar International of Singapore, in its latest bid to expand in Asia. ADM’s purchases represented about 22 per cent of Wilmar shares traded on Singapore’s exchange on Tuesday, Wilmar said in a regulatory filing. Wilmar shares reached their highest price […] Read more
Legumex to sell processing plants, wind down company
Canola, Crops, Markets, Pulses, Reuters

Legumex to sell processing plants, wind down company

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Reading Time: 2 minutes Winnipeg | Reuters –– Prairie special crops firm Legumex Walker said Monday it has agreed to sell its pulse and special crop processing plants and expects to sell its U.S. canola-crushing facility, allowing it to wind down the company. Winnipeg-based Legumex plans to sell its special crops division, which includes 14 plants in Canada, the […] Read more
(Dave Bedard photo)
Crops, Markets, Reuters

ADM’s Q1 profit jumps on strong oilseed processing results

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Reading Time: < 1 minute Chicago | Reuters –– U.S. agribusiness Archer Daniels Midland on Tuesday reported higher-than-expected quarterly profit on strong oilseed crushing margins and robust global demand for soybean meal. Revenue, however, fell 15 per cent as the strong dollar limited U.S. grain exports, and corn processing profit fell on weak ethanol margins and lower biofuel production volumes. […] Read more

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