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Karl Plume

Reuters


Stories by Karl Plume

(ADM.com)
General, Reuters

ADM CFO to resign as company faces US government investigation

By Ana Mano, Karl Plume, Reuters April 22, 2024
Grain trader Archer-Daniels-Midland said on Monday that Chief Financial Officer Vikram Luthar will resign from his role effective Sept. 30.

(Geralyn Wichers photo)
Markets, Reuters

U.S. livestock: Cattle tumble ahead of weekend on bird flu fears

By Karl Plume, Reuters, GFM Network News April 5, 2024
Chicago Mercantile Exchange live cattle futures plunged on Friday to the lowest point since mid-January as concerns about beef demand amid reports of avian influenza in cattle sparked fund long liquidation ahead of the weekend.


(Sierrarat/iStock/Getty Images)
Markets, Reuters

U.S. livestock: Live cattle end firm as bird flu selloff seen overdone

By Karl Plume, Reuters, GFM Network News April 5, 2024
Chicago Mercantile Exchange live cattle futures firmed on Thursday in a bargain-buying rebound from the prior session's two-month lows, as some investors deemed the recent drop in prices to be overdone.

Photo: File
Markets, Reuters

U.S. grains: Cattle end lower on beef demand concerns, hogs higher

By Karl Plume, Reuters, GFM Network News April 3, 2024
Chicago Mercantile Exchange live cattle futures fell to a fresh two-month low on Wednesday on technical selling and fund liquidation, as investors gauged whether beef demand would suffer amid recent news of avian influenza in dairy cattle.


(Photo courtesy Canada Beef Inc.)
Markets, Reuters

U.S. livestock: Cattle claw back some losses after bird flu selloff

By Karl Plume, Reuters, GFM Network News April 2, 2024
Chicago Mercantile Exchange cattle futures rebounded on Tuesday as traders reassessed the market after worries about cattle infected with avian influenza had triggered a sharp selloff a day earlier.

Photo: Fotokostic/iStock/Getty Images Plus
Markets, Reuters

U.S. grains: Corn down as Midwest outlook seen boosting spring planting

By Karl Plume, Renee Hickman, Reuters, GFM Network News April 2, 2024
U.S. corn futures dropped on Tuesday on forecasts for good spring planting weather, easing concerns about a lower-than-expected acreage outlook from the U.S. Department of Agriculture (USDA) last week.


(Medioimages/Photodisc/Getty Images)
Markets, Reuters

U.S. grains: Corn sinks on big supplies; wheat down on good winter crop outlook

By Karl Plume, Reuters, GFM Network News April 1, 2024
U.S. grain futures fell on Monday as pressure from ample supplies partly unraveled steep gains late last week following a U.S. Department of Agriculture report that projected lower-than-expected U.S. corn plantings.

Photo: Stefanlinton/iStock/Getty Images
Markets, Reuters

U.S. livestock: CME cattle plunge as bird flu fears spark speculative selloff

By Karl Plume, Reuters, GFM Network News April 1, 2024
Chicago Mercantile Exchange live and feeder cattle futures plunged on Monday on market uncertainty following news of a human case of avian influenza in a person who had contact with infected dairy cows.


Photo: File
Markets, Reuters

U.S. livestock: CME live cattle reach 5-month peak, end lower in technical setback

By Karl Plume, Reuters, GFM Network News March 14, 2024
Chicago Mercantile Exchange (CME) live cattle futures ended lower on Thursday in a technical and profit-taking setback after rising to five-month highs on firm cash cattle prices, traders said.

The Archer Daniels Midland Co. (ADM) logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018.
 Photo: REUTERS/Brendan McDermid
General, Reuters

ADM announces plan to address accounting issues, posts earnings miss

The company's shares were up 4.3 per cent but down nearly 21 per cent for the year

By Karl Plume, Reuters, Sourasis Bose, GFM Network News March 12, 2024
Global grains merchant Archer-Daniels-Midland announced a plan to fix accounting issues that caused it to correct certain transactions in six years of financial results on Tuesday, though it warned the plan would take time to implement.


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