The weather phenomenon is likely to return, possibly bringing enough water to end the severe drought in California.» Read More
CHICAGO, July 23- As U.S. farmers turn in record grain crops this autumn, many will have a powerful new tool- giant sausage-shaped storage bags- to help them avoid the lowest prices in years and gain more control over trade with giants such as Cargill Inc..
BUENOS AIRES, July 22- A new strike by port workers in Argentina's biggest grains hub prevented shipping in the terminals of major exporters Bunge, Toepfer and Nidera on Tuesday, a local business group said.
BUENOS AIRES, July 16- Port workers in Argentina's Rosario hub began an indefinite strike on Wednesday, joining grain inspectors, who walked out a day earlier and threatening exports from the world's No. 3 exporter of soybeans and corn.
BUENOS AIRES, July 16- Grains inspectors who began a strike on Wednesday in Argentina's pivotal Rosario export hub will extend it for a second day if there is no progress on their demand for higher salaries, a senior union official said.
LONDON, July 11- A group of armed individuals has occupied a Cargill Inc sunflower-seed crushing plant in Ukraine's eastern Donetsk region after it was closed due to the increased tensions in the area, the company said on Friday.
WASHINGTON, May 22- The U.S. derivatives watchdog asked on Thursday for more industry comments on a proposed rule to curb speculators in commodity futures markets.
TOKYO/ BEIJING, May 12- A year after spending $3.6 billion to buy grain trader Gavilon to expand in China, Japan's Marubeni Corp has been shaken by defaults on soybean sales and faces an investigation into alleged tax evasion in the world's top food consumer.
BEIJING, May 8- Chinese imports of soybeans hit their highest so far this year in April, climbing 63.5 percent from the same month in 2013, official customs data showed on Thursday. Growth was helped by more imports from Brazil, China's top supplier, after port congestion last year delayed shipments. "There are no logistics problem in Brazil, not like last year.
May 1- Harsh U.S. weather and geopolitical turmoil in Ukraine have humbled a third global grain trader as Bunge Ltd reported a surprise loss for the first quarter on Thursday, saying it had bet wrongly on a drop in wheat prices.
May 1- Agribusiness giant Bunge Ltd posted a first-quarter net loss on Thursday on losses in it grain trading and distribution business and poor oilseed processing margins in China. Bunge reported a net loss of $27 million, or 18 cents per share, compared with net earnings of $170 million, or $1.15 per share, in the same period a year earlier.
April 29- Archer Daniels Midland Co shares tumbled on Tuesday after the agribusiness giant reported that a harsh U.S. winter took a bigger-than-expected bite out of quarterly profits.
April 29- Agribusiness company Archer Daniels Midland Co on Tuesday reported lower-than-expected quarterly earnings as poor margins and harsh U.S. weather hurt its core grain-trading business.
*Bunge says poor soy crushing margins in China to improve. CHICAGO, April 25- U.S. wheat futures touched their highest level in more than a week on Friday as escalating tensions in Ukraine heightened fears of supply disruptions and forecasts for drier-than-expected weather fueled concerns about crop damage in the U.S.
PARIS, April 25- The chief executive of commodities giant Louis Dreyfus is stepping down in a surprise move after just one year, leaving the group to seek a new CEO as it overhauls corporate structure to more closely resemble a public company.
CHICAGO, April 22- Two Brazilian soybean cargoes initially sold to China have been switched to the United States, according to port and shipping data updated on Tuesday, the first clear evidence that the U.S. is absorbing some of China's excess Brazilian purchases that were at risk of default.
NEW YORK, April 6- China's growing appetite for staples like soybeans and corn seems the likely driver behind state trader COFCO's deal to buy a majority stake in Noble Group's agriculture business, yet the move has as much to do with soft commodities.
BARREIRAS, Brazil, April 4- No signs identify a barren field in northeastern Brazil that was meant to be the center of one of China's most ambitious agricultural forays into South America. In 2011, Chongqing Grain Group Corp announced plans to build a soy crushing plant, railways and a giant inland storage and transportation hub to export goods back to China.
CHICAGO, April 4- The largest players in the global agriculture trading industry are likely to be cut out of a growing share of world crop trade following the recent move by China's trading arm COFCO to acquire majority stakes in Nidera and Noble Group Ltd's agriculture businesses.
*Cargill gains access to sugar in top producer Brazil. *Venture may limit options for smaller Brazil mills. Cargill will gain access to sugar in Brazil, the world's top producer, without the financial burden of buying and operating assets, while Copersucar will expand its global footprint and secure Cargill's market know-how, analysts said.
*Louis Dreyfus Commodities full-year net income $640 mln. PARIS, March 26- Global trading group Louis Dreyfus Commodities B.V. said it will stick to plans to double sales within five years by boosting investments, shrugging off a drop in 2013 profits from dought-hit grain markets and an oversupply in soft commodities.