Some of the names on the move ahead of the open.» Read More
*Purchase may also signal China's goal to build a global trading firm. SINGAPORE/ HONG KONG, Feb 28- China's biggest grains trader COFCO Corp said it is buying a 51 percent stake in Dutch peer Nidera, in a deal that will give the world's most populous country direct access to South American grain and oilseed supplies.
CHICAGO, Feb 25- Archer Daniels Midland Co on Tuesday said its chief executive officer will give up the title of president to the agribusiness company's chief operating officer, effective immediately.
*Gavilon, in deal with Syngenta, to accept crops with trait. CHICAGO, Feb 21- Archer Daniels Midland Co, one of the world's top grain traders, said on Friday it will not accept crops containing a new genetically modified Syngenta AG corn trait until major importers approve the strain.
CHICAGO, Feb 13- Bunge Ltd, one of the world's top grain traders, signaled on Thursday that it will refuse to handle corn containing a new genetically modified Syngenta AG trait unless it is cleared by China.
CHICAGO, Feb 13- Bunge Ltd, one of the world's largest agricultural trading houses, said on Thursday it turned a profit in the fourth quarter and was "actively" reviewing its loss-making Brazilian sugar business.
CHICAGO, Feb 13- Bunge Ltd, one of the world's largest agricultural trading houses, on Thursday reported a fourth-quarter profit due to strong margins for oilseed processing. Bunge reported net earnings of $115 million, or 78 cents per share, compared with a year-earlier net loss of $610 million, or $4.17 per share.
Feb 4- U.S. agribusiness giant Archer Daniels Midland Co said Tuesday it remained committed to expanding its global reach to satisfy Asia's fast-growing demand for food, despite a failed bid to acquire Australian grain handler GrainCorp.
Feb 4- U.S. agricultural processor Archer Daniels Midland Co reported a 27- percent drop in quarterly earnings on Tuesday as charges related to its failed acquisition of GrainCorp overshadowed strength in its corn processing and oilseeds businesses.
Feb 4- U.S. agricultural processor Archer Daniels Midland Co on Tuesday said fourth quarter earnings fell 27 percent, largely due to charges relating to its failed acquisition of Australian grain handler GrainCorp.
Weak U.S. manufacturing data sent stocks into a tailspin and signaled to some that the correction in stocks could be deeper than expected.
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WINNIPEG, Manitoba, Jan 16- Canada's record canola and wheat harvests have clogged its rail arteries and overwhelmed its ports, sticking Glencore and other grain handlers with millions of dollars in shipping penalties and leaving farmers' bins flush with crops worth less by the day.
*Russia's grain terminals capacity at 30 mln T/year. To tackle this, major traders including Glencore and, more recently, Cargill, have bought stakes in Russian grain terminals at Black Sea deep-water ports, which have the largest capacity and service major importers including North Africa and the Middle East.
CHICAGO, Jan 9- U.S. agribusiness giant Cargill Inc on Thursday reported a 36 percent rise in quarterly profit, supported by a bigger U.S. crop harvest in 2013 that led to lower grain prices and boosted profit margins on meat sales.
Some of the names on the move ahead of the open.
*Fails to win tax incentives from Illinois lawmakers. CHICAGO, Dec 18- Archer Daniels Midland Co will move its headquarters to Chicago after 44 years in the central Illinois city of Decatur, the agribusiness company said on Wednesday. Chicago was seen as the frontrunner from the start, and ADM in October said it wanted to keep its headquarters in Illinois.
The bill, introduced by Dianne Feinstein, a California Democrat; Tom Coburn, an Oklahoma Republican; and eight cosponsors, faces an uphill battle as many lawmakers from agricultural states support the Renewable Fuel Standard that dictates rising volumes of ethanol made from grains, including corn, be blended into motor fuel.