GFM Network News

ADM sees weaker ag services outlook on trading woes

Chicago | Reuters — U.S. agricultural trader Archer Daniels Midland (ADM) on Tuesday cautioned that massive global grain stocks are making it difficult to turn a profit trading grain internationally, sending its shares plummeting despite reporting a higher first-quarter profit. The warning highlighted a string of trading woes at ADM, which has shed several key […] Read more

Poisonous weed found in Alberta canola fields

Devil’s trumpet is highly poisonous, but poses little risk when processed into canola meal or oil

Reading Time: 4 minutes There’s still more questions than answers after a highly toxic prohibited weed was found in canola fields in three counties in north-central Alberta. Devil’s trumpet — also called jimsonweed — has been confirmed in Barrhead, Leduc, and Westlock counties, but how it got there and how widespread the problem is remains a mystery. “It would […] Read more

ADM’s Q1 profit jumps on strong oilseed processing results

Chicago | Reuters –– U.S. agribusiness Archer Daniels Midland on Tuesday reported higher-than-expected quarterly profit on strong oilseed crushing margins and robust global demand for soybean meal. Revenue, however, fell 15 per cent as the strong dollar limited U.S. grain exports, and corn processing profit fell on weak ethanol margins and lower biofuel production volumes. […] Read more

ADM profit jumps as big U.S. harvest boosts ag services

Chicago | Reuters — U.S. agribusiness Archer Daniels Midland on Tuesday reported higher quarterly earnings as a record-large U.S. harvest boosted grain volumes and supported strong exports, though revenue fell short of expectations. Earnings in agricultural services, ADM’s biggest business segment in terms of revenue, grew as bumper U.S. corn and soybean crops replenished thinned […] Read more