GFM Network News


Cargill quarterly profit drops on trade tensions, U.S. floods

Chicago | Reuters — Global commodities trader Cargill reported a 41 per cent drop in adjusted quarterly profit on Thursday, citing supply disruptions stemming from the U.S.-China trade war and also flooding in the central United States that hit marketing and transportation of grains and livestock. Cargill, the largest privately held U.S. company, said adjusted […] Read more



U.S. grains: Corn posts steepest drop in three years on USDA acreage view

Chicago | Reuters — U.S. corn futures plunged by the most in nearly three years on Friday after the U.S. Department of Agriculture (USDA) pegged U.S. planted acres well above trade expectations despite rains and flooding this spring that disrupted sowing. Soybeans firmed on USDA’s smaller-than-expected acreage estimate, while wheat fell in tandem with plummeting […] Read more