Reuters – Archer Daniels Midland Co reported a bigger-than-expected quarterly profit on Tuesday, as the U.S. grain merchant made export sales to buyers in countries other than China during an escalating trade war between Washington and Beijing. Strong margins for oilseeds crushing also boosted earnings. The United States and China have imposed tariffs on hundreds […] Read more
ADM profit tops estimates on export sales, oilseeds
Fertilizer maker Nutrien’s profit beats on strong potash demand
Reuters – Canadian fertilizer and farm supplies dealer Nutrien Ltd reported a better-than-expected quarterly profit and raised its full-year adjusted profit forecast, driven by strong demand for its potash fertilizers. The world’s largest fertilizer company by capacity raised its full-year adjusted profit forecast to the range of $2.60-$2.80 per share, from its prior estimate of […] Read more
DowDuPont tops profit estimates as chemicals demand provides boost
Reuters – DowDuPont Inc topped Wall Street estimates for third-quarter profit on Thursday, as stronger demand for chemicals used in cosmetics, paints and packaging gear helped offset slowing growth at its agriculture business. The world’s largest chemicals producer, formed last year through the $130 billion merger of Dow Chemical and DuPont, also said it would […] Read more
ABCD quartet of grain traders partner to digitize global trades
Chicago | Reuters – The world’s four largest agribusinesses are working together to standardize and digitize international grain trades using technologies such as blockchain and artificial intelligence, the companies announced on Thursday. Archer Daniels Midland Co, Bunge Ltd, Cargill Inc and Louis Dreyfus Co, known collectively as the ABCDs of global grain trading, said the […] Read more
U.S. pot firm Curaleaf to triple planned equity offering
Toronto | Reuters – U.S. cannabis retailer Curaleaf Holdings Inc is raising about $400 million, almost three times its original target, in Toronto, in a deal that would value the company at close to $4 billion, people familiar with the situation told Reuters. The move by the Wakefield, Massachusetts-based company, which also owns cannabis cultivation […] Read more
Foreign control in Canadian ag sector still relatively low
CNS Canada – The percentage of foreign control, as a percentage of total assets, in the Canadian agriculture, forestry, fishing and hunting sector was 1.6 per cent in 2016, according to data recently released by Statistics Canada. While that’s up from 1.1 per cent in 2012, it compares with foreign control in all industries (excluding […] Read more
DowDuPont sees higher raw material costs, shares fall
Reuters – DowDuPont Inc said it expects higher raw material costs to hit all its units for the rest of the year even as an uptick in its agriculture business helped the U.S. chemicals producer beat Street estimates for the fourth straight quarter. Shares of the company fell 3 percent to $66.11 in morning trade and […] Read more
Bunge posts surprise loss on trade-related soy hedges
Chicago | Reuters – Global grains merchant Bunge Ltd reported a surprise quarterly loss on Wednesday as its agribusiness unit took a $125 million hit from soybean hedges tied to the trade dispute between the United States and China. Shares of the White Plains, New York-based company fell 2.9 percent in early trading to $67.10 […] Read more
ADM earnings double, helped by U.S.-China trade row
Chicago | Reuters – Archer Daniels Midland Co’s net profits doubled in the second quarter and beat Wall Street estimates, after a drought in Argentina and the U.S.-China trade spat boosted the U.S. grain merchant’s trading and oilseed processing businesses. Shares were up 1 percent at $47.86 after touching a three-year high on the New […] Read more
Wake up and smell the micro-roasted coffee
Alberta village is on the cutting edge of the ‘third wave’ coffee movement thanks to Profound Coffee
Reading Time: 4 minutes Teri Heck is on a mission to rid the world of bad coffee. “I grew up on the farm where we had terrible water and even worse coffee,” said the owner of Profound Coffee, a micro-roaster in Cremona. “Life is just too short to drink bad coffee.” Heck was always a double-double girl in the […] Read more
Cyber-Savvy Farmer
