Bunge exceeded Wall Street expectations for third-quarter profit on Wednesday as large global harvests provided the grain trader and processor enough volumes of soy, corn and other crops to blunt a hit from lower margins.
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Bunge profit tops estimates on grain, oilseed volumes; 2024 outlook intact
Montreal port workers plan indefinite strike if deal not reached by Thursday morning
Workers at two container terminals at the Port of Montreal signaled intent to walk off the job Thursday morning—this time indefinitely—according to a notice from the port’s authority yesterday.
Russia accuses UK of using Black Sea corridor to supply Ukraine with arms
Russia on Wednesday accused Britain of using a Black Sea grain corridor to deliver arms to Ukraine, after denying London's allegations that Russian attacks on Ukrainian ports had disrupted crucial grain supplies for other countries.
Brazil farmers, government slam Danone for cutting out Brazilian soy
Brazilian soybean producers on Tuesday said there is good reason for products of Danone to be boycotted after the French dairy giant said it would stop sourcing soy from Brazil, while the Brazilian government criticized "unreasonable" moves by European companies.
China seeks stronger soybean ties with Russia
China is willing to cooperate more closely with Russia in the soybean industry, its agriculture ministry quoted an official as saying on Wednesday, without giving any details.
Alberta files federal court challenge to heating oil carbon price exemption
Alberta has filed a federal court challenge to Ottawa's carbon pricing exemption for home heating oil, arguing it is unconstitutional and unlawful, the Alberta government said on Tuesday.
Pulse Weekly: Lentil prices poised for drop, depends on India
The demand for lentils has backed off lately due to high prices, said trader Marcos Mosnaim of Prairie IX in Toronto. He said the direction lentils take will largely depends on India.
‘Less panic’ over new immigration policy
The federal government’s new policy on immigration will not have huge consequences for agri-food processors or farmers, say spokespeople for the Canadian Meat Council and the Canadian Federation of Agriculture.
EU slaps tariffs on Chinese EVs, risking Beijing payback
The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3 per cent at the end of its highest profile investigation that has divided Europe and prompted retaliation from Beijing.
Milei’s popularity rebounds as Argentina’s markets hit record highs
Argentina's President Javier Milei saw his popularity ratings rebound sharply in October, a poll on Monday showed, bolstering the libertarian whose pro-market reforms have driven markets to record highs since winning a shock election last year.