(ADM.com)

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

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



Foreign Minister Chrystia Freeland attends a news conference on media freedom as part of the G7 Foreign Ministers’ meeting in Dinard, France on April 5, 2019. (File photo: Reuters/Stephane Mahe)

Canada looks at fresh tariffs on U.S. goods

Ottawa | Reuters — Canada is looking at ways to boost the effectiveness of its retaliatory tariffs against the United States, Foreign Minister Chrystia Freeland said on Tuesday, but did not address remarks by a senior official who revealed what Ottawa might do. Canada imposed tariffs on $16.6 billion worth of U.S. exports in May




(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



A section of road is underwater stranding a vehicle after flooding near Waterloo, Neb. on March 18, 2019. (Handout photo by Ryan Hignight/U.S. Army Corps of Engineers, Omaha District, via Reuters)

U.S. Midwest’s catastrophic floods cause widespread damage

Brownville, Neb. | Reuters — Severe flooding caused by rainfall and melting snow devastated farms and towns in Nebraska and Iowa on Tuesday, leaving at least four people dead and causing hundreds of millions of dollars in damage, with waters yet to crest in parts of the region for several days. The floods inundated stretches