GFM Network News



(ADM.com)

ADM says U.S. floods to cut into Q1 operating profit

Chicago | Reuters — Flooding and severe winter weather in the U.S. Midwest will reduce Archer Daniels Midland’s first-quarter operating profit by US$50 million to $60 million, the U.S. grains trader said on Monday. Record floods have devastated a wide swath of the farm belt across Iowa, Nebraska, South Dakota and several other states. The


Crumbling river infrastructure is putting pressure on the ability of the U.S. to meet grain market demand.

Wooden dams and river jams: U.S. strains to ship record grains

In a story familiar to Prairie farmers, the U.S. grain-handling system is creaking under a heavy load

America’s worst traffic jam this fall occurred on the Ohio River, where a line of about 50 miles of boats hauling grains and other products turned into a water-borne parking lot, as ship captains waited for the river to reopen. Such delays are worsening on the nation’s waterways, which are critical to commerce for the

The Mississippi River. (Mark D. Tomer photo courtesy ARS/USDA)

Soaring river freight hits U.S. farmers

Chicago | Reuters — U.S. farmers are running out of options for their just-harvested corn and soybeans as delays on the Mississippi River, the main conduit for crops to export markets, cause shipping backlogs, while grain storage on the river’s banks is filling up. Low river levels and backups at aging locks have slowed navigation