AgraCity has told customers it will be unable to deliver outstanding product in a timely manner this spring due to cash flowproblems
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AgraCity says it is unable to fill orders
AgraCity has told customers it will be unable to deliver outstanding product in a timely manner this spring due to cash flowproblems
ADM quarterly profit falls on weak crush margins, announces layoffs
Chicago | Reuters – Grains merchant Archer-Daniels-Midland ADM.N reported a drop in fourth-quarter profit on Tuesday, pressured by weak oilseed crush margins and uncertainty over U.S. biofuel policy, and said it would be laying off up to 700 employees globally this year. Chicago-based ADM said it aimed to cut costs by $500 million to $750 […] Read more
Tyson Foods shares sink on worries over consumer demand, third quarter
Reuters – Tyson Foods TSN.N shares were on track for their worst one-day decline in a year on Monday after the U.S. meatpacker warned that consumers are under pressure from persistent inflation and high commodity costs could weigh on upcoming results. The Arkansas-based meatpacker reported second-quarter sales that fell short of analysts’ estimates, though profits […] Read more
Corteva third-quarter loss narrows on demand for agricultural products
Reuters – Agricultural chemical and seed company Corteva Inc CTVA.N on Thursday posted a smaller-than-expected third-quarter adjusted loss as farmers looked to maximize yields at a time of low global grain supplies. Operating loss was 12 cents per share in the July-September quarter, from 14 cents per share a year earlier. Analysts on average had expected […] Read more
Nutrien cuts 2022 profit forecast again on lower potash prices
Reuters – Nutrien Ltd NTR.TO on Wednesday cut its full-year adjusted earnings forecast for the second time this year as potash prices decline, sending the shares of the world’s biggest fertilizer maker down nearly 5 per cent in extended trading. The company also missed third-quarter profit estimates, hurt by cooling prices of crop nutrients as farmers cut fertilizer application […] Read more
U.S. adds packing plant capacity
Free Market Reflections with Steve Dittmer
Recently, I tried a package of Wagyu pre-made ground beef patties. They were priced right so I grilled them up. They were very good. Where did I get them? At Walmart. It wasn’t many years ago one could only buy Select grade beef at Walmart. Reflecting demand for higher-quality beef from customers, now they carry […] Read more
Syngenta sales growth eases but still quite robust
Reuters – Swiss agrichemicals and seeds group Syngenta on Thursday logged slightly slower – albeit still robust – growth in sales and core earnings for the third quarter. The Chinese-owned company, which plans to list within the next few months, said sales jumped 20 per cent to $7.9 billion in the three months to the […] Read more
Crop merchant Bunge raises full-year profit outlook
Agricultural commodities trader Bunge Ltd BG.N on Wednesday raised its full-year earnings outlook after posting an adjusted third-quarter profit that topped expectations, sending its shares up about 2 per cent in premarket trading. The improved forecast was attributed to favorable market conditions as tight global crop supplies and strong demand have benefited supply chain middlemen […] Read more
Corteva raises forecast as demand for seeds, crop protection products booms
Bengaluru | Reuters – Corteva Inc CTVA.N on Thursday raised its full-year sales and profit forecasts as the crop protection products maker benefits from surging demand from farmers looking to cash in on higher prices since the Ukraine war. The company, which reported a 14 percent jump in second-quarter operating earnings, also unveiled plans to exit some […] Read more
Bayer’s agriculture unit, consumer health drive outlook hike
Frankfurt | Reuters – Agriculture and pharmaceuticals company Bayer BAYGn.DE on Thursday lifted its 2022 earnings guidance on strong demand from farmers for its seeds and crop chemicals and higher sales of consumer health products. Bayer is now targeting earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for special items, of about 13 billion […] Read more
Canadian Cattlemen Presents: Depth of Field
