U.S. grain firms set up co-ops in tax law's wake

Chicago | Reuters -- U.S. agricultural merchants are scrambling to register themselves as cooperatives after a blunder in the country's new tax law gave farmers a tax break for selling grains to co-ops rather than private firms. Private crop handlers -- including the "big four" merchants Archer Daniels Midland, Bunge, Cargill and Louis Dreyfus --[...]

Major U.S. grain firms fear harm from new tax law

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[...]


U.S. farm groups oppose Trump's cuts to ag spending

Chicago | Reuters -- U.S. farm groups on Tuesday pushed back against President Donald Trump's proposal to slash agriculture spending, viewing it as a fresh threat to a struggling farm economy. The White House on Monday proposed $46.54 billion in cuts to federal government funding for the agriculture sector over the next 10 years, including[...]

USDA cuts U.S. corn, soy stocks view on demand hikes

Washington/Chicago | Reuters -- Strong demand for U.S corn and soybeans will cut into the abundant domestic supply stockpile by more than expected, according to government data released on Wednesday. The U.S. Department of Agriculture's outlook for tighter corn and soy supplies, issued in a monthly crop report, surprised analysts who expected an increase in[...]