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Archer Daniels Midland Co

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  • SAO PAULO, April 9- Brazil's Santos port has been unable to export 400,000 tonnes of soybeans and soymeal as firefighters battle a week-old blaze that has restricted truck access to much of the country's largest export hub, soy industry association Abiove said on Thursday. The timing is particularly crucial as the world's No. 2 soybean producer harvests a...

  • UPDATE 1-Cargill third-quarter profit rises by a third Thursday, 9 Apr 2015 | 10:14 AM ET

    The company said slowing economic growth and excess processing capacity in countries such as China, Brazil and Indonesia weighed on earnings at its food ingredients and applications unit. Privately held Cargill, along with Archer Daniels Midland, Bunge Ltd and Louis Dreyfus Corp- known collectively as the ABCD companies- dominates the global grains trade.

  • SAO PAULO, April 8- Trucks will be able to access a blocked entrance at Santos, Brazil's largest port, at night while firefighters finish extinguishing a blaze at a nearby fuel-storage facility, city and port authorities said. Archer Daniels Midland Co has a terminal on the Santos side of the port but a press spokeswoman declined to comment on whether operations...

  • *Glencore free to refresh bid for Rio Tinto under UK rules. MELBOURNE, April 8- Australia's treasurer has told business representatives he would not allow Glencore Plc to merge with Rio Tinto due to concerns about losing tax revenue, a person familiar with his comments said on Wednesday. Treasurer Joe Hockey said based on the tax implications he had seen from the...

  • MELBOURNE, April 8- Australia's treasurer has told mining industry representatives he would not allow Glencore Plc to merge with Rio Tinto, the Australian Financial Review reported on Wednesday. The report was published the day UK restrictions came off on Glencore making a fresh approach to Rio Tinto after being rebuffed last August. Treasurer Joe Hockey...

  • PARIS, March 26- Margarita Louis-Dreyfus's family trust Akira has raised its stake in holding company Louis Dreyfus to 80 percent from about 65 percent previously, she said on Thursday. Louis Dreyfus owns 85 percent of Louis Dreyfus Commodities B.V., which reported a rise in full-year profit on Thursday, with increased volumes and healthy processing margins...

  • Commodity trader Louis Dreyfus posts higher 2014 profit Thursday, 26 Mar 2015 | 5:07 AM ET

    PARIS, March 26- Global trading group Louis Dreyfus Commodities B.V. reported a rise in full-year profit on Thursday as increased volumes and healthy processing margins helped offset lower market prices. Louis Dreyfus is one of the "ABCD" quartet of companies- alongside Archer Daniels Midland, Bunge and Cargill- that dominates agricultural commodity trading.

  • ADM cuts biodiesel output as industry hit by weak margins Wednesday, 25 Feb 2015 | 1:23 PM ET

    WINNIPEG/ NEW YORK, Feb 25- Archer Daniels Midland, one of the world's top biofuels producers, has slowed North American biodiesel output, the latest sign the industry is battling uncertainty over U.S. renewable fuel policy while the oil rout curbs demand. The Chicago- based agri business has "temporarily" shifted production at its Velva, North Dakota, oilseeds...

  • NEW YORK, Feb 18- Chocolate sales in China should grow to $4.3 billion by 2019, up nearly 60 percent from $2.7 billion in 2014 and driven by demand from the growing urban population, a senior Hershey officer forecast on Wednesday. He projected the company's China sales would grow by 35 percent to $450 million in 2015. Based on that figure, chocolate sales in China...

  • CHICAGO, Feb 13- Syngenta AG may file counterclaims against some of the more than 750 U.S. grain farmers and exporters who have sued the seed maker over sales of biotech corn seed that disrupted trading with China last year, regulatory documents show. Syngenta, the world's largest crop chemicals company, is "assessing the scope for potential counterclaims" in...

  • CHICAGO, Feb 13- Syngenta AG may file counterclaims against some of the more than 750 U.S. grain farmers and exporters who have sued the seed maker over its sales of a type of biotech corn seed that disrupted trading with China last year, a regulatory filing shows. Syngenta, the world's largest crop chemicals company, is "assessing the scope for potential...

  • NEW YORK, Feb 3- U.S. agribusiness Archer Daniels Midland Co on Tuesday said ethanol producers will have to cut output amid high stocks and stagnating demand, as the industry's woes deepen with the oil rout and squeezed margins. "Production will be falling in the coming months, because about 20-30 percent of the industry is at break-even or losing money," said Farha...

  • CHICAGO, Feb 3- Plans by commodities trading rivals Archer Daniels Midland Co and Glencore PLC to jointly develop an export terminal in northern Brazil promise to shift grain flows both within South America's largest producer and to Asian importers. ADM will give Glencore 50 percent in its Barcarena export terminal in Brazil's Para state, it said on Tuesday,...

  • CHICAGO, Feb 3- U.S. agribusiness Archer Daniels Midland Co 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. Good oilseed crush margins in North America and Europe underpinned ADM's soybean processing results, but that was offset by...

  • CHICAGO, Feb 3- U.S. agribusiness Archer Daniels Midland Co on Tuesday reported higher quarterly earnings on strong grain exports following a record-large U.S. harvest and good soy processing margins in North America and Europe. Illinois- based ADM reported net earnings of $701 million, or $1.08 per share, up from $374 million, or 56 cents a share, a year earlier.

  • Stocks close up sharply, boosted by Greece and oil Monday, 2 Feb 2015 | 4:00 PM ET
    Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed sharply higher on encouraging news from the Eurozone and stronger oil prices.

  • MIAMI, Jan 27- Cargill Inc, one of the world's largest privately held corporations and a top commodities trader, will likely remain private for at least another decade, the chief executive said on Tuesday as he assessed challenges facing the 150- year old company. David MacLennan, who has led Cargill for the past 13 months, also revealed that unrest in Ukraine had...

  • Jan 8- Replenished grain supplies following a bumper North American harvest bolstered global commodities trader Cargill Inc's bottom line in its latest quarter as lower prices lifted demand for crops and padded margins on meat sales. Privately-held Cargill, based in Minnesota, reported net earnings of $784 million for the second quarter ended Nov. 30, up 41...

  • BEIJING/ CHICAGO, Dec 22- China has officially approved imports of a type of genetically modified corn at the centre of a string of lawsuits over U.S. grain shipments, seed maker Syngenta AG said on Monday, ending uncertainty after a five-year review. Beijing has been taking longer than in the past to approve new biotech crops amidst growing consumer sentiment...

  • BEIJING, Dec 22- China has officially approved imports of a genetically modified corn seed at the center of a string of lawsuits over U.S. grain shipments, seed firm Syngenta AG said on Monday, ending uncertainty after a five-year review. Syngenta's Agrisure Viptera corn strain has been under scrutiny since late last year, when China rejected over a million...