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Archer Daniels Midland Co

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  • *China allows imports of Syngenta corn MIR 162. BEIJING/ CHICAGO, Dec 18- China has approved the import of a genetically modified corn strain it blocked last year, causing market turmoil, and has given clearance to biotech soybeans that had been waiting years for clearance, in a sign of improving relations with the United States. Agriculture secretary Tom Vilsack...

  • Dec 18- Chinese government approval for imports of a controversial type of Syngenta AG biotech corn increases the likelihood the seed maker will pay settlements to more than 100 U.S. farmers and exporters suing for damages from grain shipments rejected by Beijing, lawyers said. Agriculture Secretary Tom Vilsack, who cited talks with Chinese Vice Premier Wang...

  • Dec 16- The United States has not received official notification from China of approval for imports of a type of genetically modified corn at the center of lawsuits against seed maker Syngenta AG, a U.S. government spokesperson told Reuters on Tuesday. Syngenta has said it will make an announcement about Chinese government approval when the company receives...

  • CHICAGO, Dec 16- Chinese authorities have informed some agriculture industry officials that the government has approved U.S. imports of a type of genetically modified corn that has sparked lawsuits against seed maker Syngenta AG, according to reports from Agri-Pulse and Bloomberg. Syngenta will make an announcement about Chinese government approval of...

  • NEW YORK/ SINGAPORE, Dec 16- Olam International Ltd will buy Archer Daniels Midland Co's cocoa business for $1.3 billion, catapulting the Singapore- based commodities firm into the top tier of global suppliers to the growing chocolate business. The deal would be Olam's biggest ever and mark a dramatic turnaround after an attack two years ago on its acquisition...

  • FACTBOX-ADM's and Olam's cocoa businesses Tuesday, 16 Dec 2014 | 4:49 AM ET

    Dec 16- Olam International Ltd's $1.3 billion deal to buy Archer Daniels Midland Co's cocoa business will create one of the world's top cocoa bean processors and traders, rivalling Barry Callebaut AG and Cargill Inc.. The Chicago- based firm has eight cocoa bean processing facilities: Ontario, Canada; Koog aan de Zaan and Wormer, the Netherlands; Mannheim, Germany;...

  • ADM to sell cocoa business to Olam for $1.3B Monday, 15 Dec 2014 | 8:02 PM ET

    CHICAGO— Archer Daniels Midland says it has agreed to sell its global cocoa business to Olam International for $1.3 billion. ADM's cocoa unit includes facilities in several countries, including Brazil, Canada, Germany, Ghana and Singapore. The Chicago- based company said Monday that a majority of the roughly 1,550 employees in the cocoa business will transfer...

  • CHICAGO, Dec 12- Syngenta AG expects to win Chinese government approval soon for imports of a type of genetically modified corn at the center of lawsuits over U.S. grain shipments rejected by Beijing, a company spokesman said on Friday. Syngenta, one of the world's largest seed companies, will make an announcement when it receives official documentation from...

  • CHICAGO, Dec 12- Syngenta AG, one of the world's largest seed companies, expects to win Chinese government approval "in the near future" for imports of a genetically modified corn that has been rejected by Beijing, a company spokesman said on Friday. Syngenta will make an announcement when it receives official documentation from China that Agrisure Viptera corn,...

  • PARIS, Nov 28- Louis Dreyfus Commodities named Mayo Schmidt, former head of Canadian grain handler Viterra, as its new chief executive in the latest stage of a corporate shake-up at the global trading firm. Louis Dreyfus, one of a quartet of "ABCD" companies that dominate agricultural commodity trading alongside Archer Daniels Midland, Bunge and Cargill, is trying...

  • ENDERLIN, N.D., Nov 25- After her shift at the TraXside Cafe in the southeast North Dakota hamlet of Enderlin, all Karla Souer wants to do is go home. That's because, chances are, there's a Canadian Pacific Railway Ltd train blocking the tracks somewhere on her route. Desperate for a solution, Enderlin's city councilors last month banned train breaks longer than 10...

  • Two of the world's biggest seed makers, Syngenta AG and Dow AgroSciences, are responding with tightly controlled U.S. launches of new GMO seeds, telling farmers where they can plant new corn and soybean varieties and how can the use them. Beijing is taking longer than in the past to approve new GMO crops, and Chinese ports in November 2013 began rejecting U.S....

  • Nov 19- Archer Daniels Midland Co sued seed company Syngenta AG on Wednesday over sales of a genetically modified corn variety not approved for import by China, joining more than 100 farmers and exporters in pursuing damages from the Swiss-based company. The lawsuit alleges that Syngenta commercialized the MIR162 corn variety, also known as Agrisure Viptera,...

  • UPDATE 1-Archer Daniels Midland names Juan Luciano CEO Thursday, 6 Nov 2014 | 1:35 AM ET

    Nov 6- U.S. agribusiness company Archer Daniels Midland Co named Juan Luciano chief executive, effective Jan. 1. Luciano, who holds an industrial engineering degree from the Buenos Aires Institute of Technology, previously worked with the Dow Chemical Co.. ADM, along with Bunge Ltd, Cargill Inc and Louis Dreyfus Corp, are known as the "ABCD" companies, which dominate...

  • Archer Daniels Midland names Juan Luciano CEO Thursday, 6 Nov 2014 | 12:15 AM ET

    Nov 6- U.S. agribusiness company Archer Daniels Midland Co named Juan Luciano as chief executive, effective Jan. 1. Luciano succeeds Patricia Woertz, who will remain as ADM's chairman and is expected to retire in May. Luciano, who joined ADM in 2011, currently serves as president and chief operating officer responsible for leading and running the company's...

  • CHICAGO, Nov 4- Archer Daniels Midland Co the giant U.S. agribusiness group, said on Tuesday that adjusted third-quarter earnings jumped 72 percent as gains in corn processing and agricultural services more than offset flat results in oilseed processing. Illinois- based ADM reported net earnings of $747 million, or $1.14 per share, up from $476 million, or 72...

  • Bullishness abounds as stocks enter November Monday, 3 Nov 2014 | 6:00 PM ET
    Traders work the floor of the New York Stock Exchange.

    Stocks, particularly the lagging small caps, could be riding a tail wind into the year-end and possibly beyond, according to some strategists.

  • WINNIPEG, Manitoba, Oct 28- Barring a sudden pile-up of grain across Western Canada in the next five weeks, Ottawa will lift requirements that railways move minimum volumes of crops, Agriculture Minister Gerry Ritz said in an interview. Ottawa responded with regulations forcing railways to move about 1 million tonnes per week combined. If Ottawa lifts its...

  • SYDNEY, Oct 20- Australia's government is looking at investing in nearly 30 irrigation schemes and reigniting a long-stalled program of dam building to combat growing water shortages constraining agricultural production. Australia has previously floated ambitious plans to use dams and irrigation to develop marginal land in the outback, but financial...

  • Cocoa industry helps fund Ebola fight in West Africa Wednesday, 15 Oct 2014 | 4:00 AM ET

    Oct 15- Chocolate and cocoa companies have donated $600,000 toward combating Ebola in West Africa, the World Cocoa Foundation said on Wednesday, the first sign the industry is striving to prevent the virus from spreading to the world's top two growers. So far, the Ebola virus has killed nearly 4,500 people in West Africa with nearly 9,000 infected, the World...