ADM Archives | Manitoba Co-operator

Feds to probe complaints of wheat gluten dumping

New duties on six countries' gluten imports might follow

Federal officials are launching a probe into whether wheat gluten from six countries is being dumped in Canada at prices undercutting the domestic product. The Canada Border Services Agency (CBSA) said Friday it’s launching an investigation to determine whether “certain wheat gluten” from Australia, Austria, Belgium, France, Germany and Lithuania is being sold at “unfair

Crops, Markets

Green Plains sues ADM, alleging ethanol market manipulation

By GFM Network News, P.J. Huffstutter July 15, 2020

Chicago | Reuters — Green Plains Inc., one of the biggest U.S. ethanol producers, sued Archer Daniels Midland on Tuesday, accusing the global grain trader of manipulating the price of the biofuel to profit from its positions in the derivatives market. Green Plains filed the proposed class action with the U.S. District Court of Nebraska,

Cereals, Crops, Markets

Saudi Arabia completes first phase of flour mill privatization

By GFM Network News, Maha El Dahan July 8, 2020

Dubai/London | Reuters — Saudi Arabia said on Wednesday it had completed the first batch of its flour milling sector privatization, according to a statement by the state grain buyer and privatization centre. The long-awaited flour mills sale was one of the first privatizations the kingdom planned as part of a wide-reaching overhaul of its

Crops, Markets

U.S. grains: Corn, soybean futures down off gains

Chicago wheat also weak

By GFM Network News, Mark Weinraub April 25, 2020

Chicago | Reuters — U.S. corn and soybean futures fell on Friday after three straight days of gains as investors took some risk out of the market due to demand uncertainty stemming from the global coronavirus pandemic, traders said. Wheat futures also were lower, with forecasts for some rain in key production areas of Europe

Crops, Markets

Major grain traders’ e-transaction platform gets name

By GFM Network News, Gfm Staff December 5, 2019

The blockchain-based global commodity transaction platform being developed by six of the world’s biggest agrifood firms is moving ahead with a new name and project leader. The six companies — ADM, Bunge, Cargill, Louis Dreyfus, Cofco and Glencore Agriculture — announced Wednesday the project will be named Covantis, and have hired former ADM executive Stefano

Crops, Markets

ADM says to focus on organic growth after acquisitions

By GFM Network News, Reuters November 13, 2019

Geneva | Reuters — Grain trader Archer Daniels Midland does not expect to continue its aggressive strategy of acquisitions in the next few years and will instead focus on organic growth, a senior official said on Wednesday. “With this level of acquisitions we have had, I don’t think you will see ADM being a very

Crops, Markets, Weather

Major grain traders face one-two punch from U.S. floods, trade war

By GFM Network News, Karl Plume July 10, 2019

Chicago | Reuters — Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland and Bunge for a second straight quarter, adding to headwinds from a still-unresolved U.S.-China trade war, analysts and economists said. ADM and Bunge, as well as peers Cargill and Louis Dreyfus, known as the ABCD quartet of

Crops

ADM to combine grain trading, oilseed businesses

By GFM Network News, Reuters May 29, 2019

Chicago | Reuters — Global grains trader Archer Daniels Midland said Wednesday it will consolidate five business units into four in the company’s second reorganization in just over a year as adverse weather and a U.S.-China trade dispute threaten profits. ADM will combine its grain trading and oilseeds segments into a new business unit called

Crops, Markets, Weather

Climate change has U.S. fund managers adjusting agriculture investments

By GFM Network News May 2, 2019

New York | Reuters — After historic floods devastated Midwestern agricultural states this spring, some fund managers are evaluating how climate change will affect the long-term value of companies that make or sell products ranging from tractors to fertilizer. The issue is not simply the unpredictability of weather. Instead, fund managers say, they are struggling

Crops, Markets

ADM’s move to spin off ethanol assets speaks to industry’s woes

By Chris Prentice, GFM Network News, Jarrett Renshaw, P.J. Huffstutter April 26, 2019

New York/Chicago | Reuters — Biofuels pioneer Archer Daniels Midland took another step toward abandoning its pure-play ethanol assets on Friday, the latest sign of the industry’s struggles with U.S. President Donald Trump’s trade wars, thin margins, and overproduction. U.S. law requires ethanol to be blended into gasoline but domestic demand for the biofuel added

First of four vessels arrives in Churchill

Prairie cash wheat: Bids mixed, reacting to futures and loonie

Little variation seen in global grain supply and demand data

GFM Network News

First of four vessels arrives in Churchill

Prairie cash wheat: Bids mixed, reacting to futures and loonie

Little variation seen in global grain supply and demand data

Tag Archives ADM

Feds to probe complaints of wheat gluten dumping

Green Plains sues ADM, alleging ethanol market manipulation

Saudi Arabia completes first phase of flour mill privatization

U.S. grains: Corn, soybean futures down off gains

Major grain traders’ e-transaction platform gets name

ADM says to focus on organic growth after acquisitions

Major grain traders face one-two punch from U.S. floods, trade war

ADM to combine grain trading, oilseed businesses

Climate change has U.S. fund managers adjusting agriculture investments

ADM’s move to spin off ethanol assets speaks to industry’s woes

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