Reading Time: 2 minutes Seoul | Reuters –– Commodity firm Cargill expects international grain markets to remain oversupplied for a long time due to bountiful harvests and a rise in storage, the head of the global commodity trader said on Friday. Bumper crops have flooded many markets, dragging on prices for grains and hitting profits at agribusiness giants including […] Read more
Cargill expects grain glut to last long time
ADM sees weaker ag services outlook on trading woes
Reading Time: 2 minutes Chicago | Reuters — U.S. agricultural trader Archer Daniels Midland (ADM) on Tuesday cautioned that massive global grain stocks are making it difficult to turn a profit trading grain internationally, sending its shares plummeting despite reporting a higher first-quarter profit. The warning highlighted a string of trading woes at ADM, which has shed several key […] Read more
Bunge profit dives as grain glut hits margins
Reading Time: 2 minutes 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
Cargill to exit U.S. cattle feeding business
Reading Time: 2 minutes Chicago | Reuters — Cargill said on Wednesday it will exit the business of feeding cattle to direct capital toward other investments, the latest transformation for the global commodity trader. Minnesota-based Cargill struck a deal to sell its last two feed yards to ethanol producer Green Plains for US$36.7 million, after selling other feedyards to […] Read more
Bird flu redirects trade flow of U.S. chicken, eggs, grains
Reading Time: 3 minutes Chicago | Reuters –– Global outbreaks of bird flu in poultry have altered the flow of U.S. chicken meat, eggs and grain around the world, adding to challenges faced by domestic exporters and giving a leg up to Brazil, which has so far escaped the disease. Different strains of avian flu have been detected across […] Read more
Cargill’s Q3 profit up on ingredient, protein demand
Reading Time: 2 minutes Chicago | Reuters — Global commodities trader Cargill reported a higher quarterly profit on Wednesday as strong earnings from its food ingredients and protein units more than offset lagging results from South American grain trading and processing. The privately held company has been streamlining its operations to focus on higher-margin businesses such as food ingredients […] Read more
Macquarie to buy Cargill’s global oil business
Reading Time: < 1 minute Houston | Reuters — Australian bank Macquarie Group is planning on buying Cargill’s global oil business, according to people familiar with the matter, marking the second energy business the global commodities trader has shed this year. Terms of the deal have been agreed upon, but the integration could take several weeks or longer, one of […] Read more
Ontario backs feed processing at Cargill beef plant
Reading Time: 2 minutes Ontario’s provincial government plans to put up over half a million dollars for Cargill to process byproducts from its Guelph beef plant for feed. Provincial Agriculture Minister Jeff Leal on Wednesday announced a $582,000 investment toward Cargill’s installation of a “value-added” processing system converting raw byproduct into a “protein-rich animal feed ingredient.” The “leading-edge technological […] Read more
Cargill profit jumps on meat demand, big U.S. crops
Reading Time: 2 minutes Reuters — Global commodities trader Cargill on Tuesday reported a sharply higher adjusted quarterly profit led by strong results from its beef and turkey businesses and robust demand for North American grain and oilseed crops. The privately held company said adjusted operating earnings jumped nearly 80 per cent in the second quarter ended Nov. 30 […] Read more
A new leadership
When DuPont Pioneer tapped Bryce Eger as their new Canadian head, here’s the leadership style they were putting their money behind. Can it work on the farm too?
Reading Time: 7 minutes When Bryce Eger says, “Nobody has a textbook for this,” farmers across the country get it. Where Eger goes next, though, may be worth a pause. As farms rapidly get bigger and more sophisticated, the difference between running a farm versus running an ag business fades. Some might say it even begins to disappear, and […] Read more
A message from April Stewart, Country Guide's Associate Editor
