Corteva expects low-single-digit percentage net sales growth through 2027, the U.S. agrichemicals firm said on Tuesday, banking on its exclusive seeds and crop chemical products.
Seed producer Corteva forecasts steady sales growth, unveils $3 bln buyback
ADM says top compliance officer is leaving the company
Archer-Daniels-Midland Co's chief compliance officer, Ben Bard, is leaving the company early next year for personal reasons, the company said on Wednesday. The news comes one day after the global grain trader, which has been embroiled in controversy over its accounting practices, sought an extension from the U.S. Securities and Exchange Commission to file its third quarter financial report because it could not meet the deadline.
Grains merchant ADM slides on fresh accounting errors, profit forecast cut
Archer-Daniels-Midland shares fell eight per cent premarket on Tuesday after the global grains merchant cut its adjusted annual profit forecast and said it would amend its previous financial statements after finding fresh accounting irregularities.
US, Canadian pot firms eye Germany for growth as market stagnates at home
North American cannabis firms, facing prohibitive laws, an overcrowded market and a deeply entrenched illicit sector at home are ramping up investments in Germany after the country partly legalized marijuana use.
Nutrien moves on from Louisiana ammonia project amid cost cuts
Reuters – Nutrien NTR.TO on Wednesday said it was no longer pursuing its clean ammonia project in Louisiana and would also be reviewing strategic options for its stake in an Argentinian fertilizer company as it looks to rein in expenses. The top potash producer had halted work indefinitely on its clean ammonia project at Geismar, […] Read more
ADM announces plan to address accounting issues, posts earnings miss
The company's shares were up 4.3 per cent but down nearly 21 per cent for the year
Global grains merchant Archer-Daniels-Midland announced a plan to fix accounting issues that caused it to correct certain transactions in six years of financial results on Tuesday, though it warned the plan would take time to implement.
Brazilian farmers slow fertilizer buys as drought dampens corn-planting plans
Fertilizer companies are already dealing with lower profits as prices sag
Brazil's drought is causing farmers there to delay fertilizer purchases for their upcoming corn-planting season, denting sales for global fertilizer suppliers in the world's top corn-exporting country, executives told Reuters.
Nutrien misses profit estimates amid higher fertilizer prices
CF Industries also books lower sales
Reuters — Canadian fertilizer maker Nutrien on Wednesday forecast lower-than-expected 2023 earnings and posted fourth-quarter profit below Wall Street estimates, sending shares down 2.6 per cent in extended trading. While higher fertilizer prices dented demand in early second-half of last year, a fall in prices later in the year did not boost demand as farmers […] Read more
Imperial Oil clears Edmonton renewable diesel plant for construction
Quick decision motivated in part by need for feedstocks such as canola oil, company says
Reuters — Imperial Oil on Thursday announced approval for an investment of $720 million to build Canada’s largest renewable diesel facility at its Strathcona refinery near Edmonton. The Calgary-based company said the facility will produce 20,000 barrels per day of renewable diesel and is expected to start production in 2025. Imperial expects regulatory approval for […] Read more
Canadian Cattlemen Presents: Depth of Field
