Reuters — Canada’s Nutrien Ltd., the world’s largest potash fertilizer producer, named Ken Seitz as chief executive on Monday, removing the interim tag. Nutrien in January surprised investors by replacing its CEO for the second time in eight months. It then named Seitz, the head of its potash business, as interim CEO, replacing Mayo Schmidt.
Nutrien’s interim CEO named CEO
Seitz sees 'a lot of uncertainty' continuing in market
Bunge lifts profit forecast, but misses Wall Street expectations
Reuters – Bunge Ltd. raised profit expectations July 27, although the American firm posted shorter results in the second quarter than were forecast by Wall Street. While the company’s second-quarter revenue climbed 16.5 per cent to US$17.93 billion, it missed estimates of $18.46 billion. Bunge raised its full-year profit forecast July 27 and posted a
Bunge raises 2021 profit outlook on higher food, renewable fuel demand
Bunge Ltd reported stronger-than-expected third-quarter results and raised its full-year profit outlook on Wednesday for a third time this year amid improved demand for food and renewable fuel as pandemic restrictions have eased. Although volumes in the U.S. agricultural commodities trader’s core agribusiness and its refined and specialty oils units were down, robust oilseed processing
ADM profit more than doubles on strong crush margins, vegoil demand
Global grain trader Archer-Daniels-Midland Co said on Tuesday its third-quarter profit more than doubled, as strong oilseed crushing margins and rising vegetable oil demand boosted its core agricultural services and oilseeds unit. The Chicago-based U.S. grains merchant is anticipating the favorable demand and margin environment to continue supporting results in the fourth quarter and foresees
Fuel firm Marathon buys in on ADM soy crush plant
Marathon to process biodiesel from North Dakota plant's soy oil
Reuters — Marathon Petroleum and ADM announced on Thursday a joint venture to produce soybean oil that will be exclusively sold to Marathon for its renewable diesel plant. Refiners are on the hunt for secure access to feedstocks for renewable fuels amid supply constraints and soaring prices for fats, greases and oils. A joint-venture soybean
Bunge lifts profit outlook as food and fuel demand for vegetable oil grows
Food and fuel demand for vegetable oil is driving numbers
U.S. agricultural commodities trader Bunge Ltd. raised its full-year adjusted profit outlook on July 28 after stronger-than-expected food and renewable fuel demand for its vegetable oils drove a 41 per cent jump in quarterly income. Shares jumped three per cent in morning trading after the company projected full-year 2021 adjusted income of at least $8.50
Corteva lifts sales forecast on strong demand for crop protection products, seeds
Reuters – Corteva Inc on Thursday raised its net sales forecast for the year after strong demand for crop protection products such as herbicides and insecticides helped the agricultural company beat estimates for the second quarter. Corteva also announced a new $1.5 billion share repurchase program, in addition to a $1 billion buyback announced in 2019,
ADM quarterly profit surges amid strong U.S. corn exports to China
Reuters – U.S. grain merchant Archer-Daniels-Midland Co on Tuesday reported quarterly profit leapt 52 percent due to strong exports and oilseed crushing margins. The bigger-than-expected earnings sent shares to a two-week high and extended a recovery from the COVID-19 pandemic, which last year hurt demand for the company’s ethanol and food products. Shares were up
Ceres Global latest to build Canadian canola plant as oilseed demand spikes
The Prairies have already seen three major canola-crushing announcements earlier this year
Reuters – U.S. agriculture company Ceres Global Ag Corp. said May 25 it will build a $350-million canola-crushing facility near the U.S.-Canadian border in Northgate, Sask., the latest project to capitalize on surging oilseed demand. Canada is the biggest global producer and exporter of canola. Plans for North American refineries to produce renewable diesel, a
Canopy Growth to buy rival Supreme Cannabis
Deal comes as pot demand lights up
Reuters — Canopy Growth Corp. said Thursday it will buy rival Supreme Cannabis for $323.3 million, as the world’s biggest cannabis producer bolsters its portfolio to tap surging demand. Shares of Canopy, up 15 per cent this year, fell around 4.6 per cent to $36 after it announced the cash-and-stock deal for Supreme, which owns
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