The "Fast Money" traders share their final trades of the day.» Read More
NEW YORK, Nov 11- Swiss commodity trader Ecom Agroindustrial Corp Ltd has struck a deal to buy London- based Armajaro Holdings Ltd's commodity trading operations, creating one of the world's biggest cocoa and coffee traders.
CHICAGO, Oct 29- Archer Daniels Midland Co said on Tuesday its planned A $3.0 billion acquisition of Australian grain handler GrainCorp Ltd will likely be delayed until early next year. The GrainCorp acquisition is part of ADM's strategy to expand globally and lead to increased exports to China and the Middle East.
CHICAGO, Oct 29- Agribusiness group Archer Daniels Midland Co said on Tuesday that adjusted third-quarter earnings fell as crop supplies remained tight following last year's historic U.S. drought. Net earnings rose to $476 million, or 72 cents per share, from $182 million, or 28 cents per share, a year ago. The others are Bunge Ltd, Cargill Inc and Louis Dreyfus Corp..
CHICAGO, Oct 25- Soren Schroder is shaking up Bunge Ltd five months after taking the helm of the 195- year-old agricultural trading house. On Thursday, Schroder told a quarterly earnings call that the status quo was unacceptable for Bunge's loss-making Brazilian sugar milling business and that he will explore options, including a sale, for the business.
CHICAGO, Oct 24- Bunge Ltd's new chief executive signaled plans to shed its loss-making Brazilian sugar milling business, making Bunge the first major merchant to consider exiting the one-hot sector that has swallowed billions of dollars of investment. Bunge reported a quarterly net loss of $137 million as the sugar unit dragged on earnings.
CHICAGO, Oct 24- Agribusiness company Bunge Ltd reported a quarterly loss on Thursday due to a charge related primarily to its weak sugar business, and said it was exploring a sale of that business.
*Argentina plans to challenge decision at WTO. BRUSSELS, Oct 23- European Union member states agreed to impose punitive duties on biodiesel imported from Argentina and Indonesia, which are accused of selling it into the bloc at unfairly low prices, according to diplomats.
*Argentina planning to challenge decision at WTO. BRUSSELS, Oct 22- European Union member states agreed to impose punitive duties on imports of biodiesel from Argentina and Indonesia, which are accused of selling it into the bloc at unfairly low prices, according to diplomats.
The "Fast Money" traders share their final trades of the day.
Olam International, under pressure to retreat from a debt-fueled acquisition spree, will unveil a strategy review on Thursday that many investors hope will target less growth and more cash.
It's make-or-break time for the first-quarter earnings season, and it comes just as the stock market is showing signs of strain.
U.S. agribusiness giant Archer Daniels Midland tightened its grip on GrainCorp, hiking its bid to $2.9 billion, but may need to offer more to win over Australia's last major independent grains handler.
LONDON/ SINGAPORE, Oct 31- Singapore- listed commodities firm Noble Group Ltd denied it wanted to sell its agribusiness unit, after industry sources said it was looking for a buyer as an alternative to plans for a separate share listing. JPMorgan, Citigroup and Goldman Sachs were hired for the deal.
BUENOS AIRES, Oct 30- Argentina could lose 20 percent of its projected corn crop and 10 percent of its soy this season as violent storms lash the Pampas, turning prime farmland into unplantable mush, a local expert said on Tuesday.
*Argentina is world's No. 2 corn exporter after the U.S. BUENOS AIRES, Oct 30- Argentina could lose 20 percent of its projected corn crop and 10 percent of its soy this season because of violent storms that have lashed the Pampas farm belt over the last three months, a local expert said on Tuesday.
*Net sales $21.81 billion, exceed Wall Street forecasts. The Decatur, Illinois- based company, one of the world's top grain traders, reported net earnings of $182 million, or 28 cents per share, in its fiscal first quarter ended on Sept. 30, down from $460 million, or 68 cents per share, a year earlier.
CHICAGO, Oct 29- CME Group Inc will maintain the nearly round-the-clock electronic grain-trading that it implemented in May despite criticism by some traders that the new format is hurting market liquidity, a top executive told Reuters on Monday. The exchange expanded the grain trading session to fend off a challenge from rival IntercontinentalExchange.
LONDON, Oct 28- A global race for grain trading power is putting more of the world's vital cereals in the hands of fewer companies, with a string of recent acquisitions raising fears that consumers will pay even more for their food, while farmers are squeezed.
*Hours should be ``more restricted''- Bunge CEO. CHICAGO, Oct 26- CME Group's bid to cement its dominance in grain markets with longer trading hours may be backfiring, with some traders reducing activity and others including major merchant Bunge calling for a return to a shorter day.
*U.S. drought alters typical grain trading patterns- Bunge. CHICAGO, Oct 25- Bunge Ltd shares jumped on Thursday as the agribusiness giant doubled quarterly profits by mobilizing its global grain network to supply customers hit by the worst U.S. drought in more than 50 years.