first quarter Archives | Canadian Cattlemen

CP, CN break records for grain shipments

By Marlo Glass – MarketsFarm, GFM Network News July 9, 2020

MarketsFarm — Both of Canada’s major railways moved record-breaking amounts of grain in June and set records for the most grain moved in a fiscal quarter. Canadian National Railway (CN) reported moving 2.7 million tonnes of grain to ports during the month of June, while Canadian Pacific Railway (CP) moved 2.76 million tonnes. Similarly, CN […] Read more

Crops, Machinery

Railways book higher grain freight revenue for Q1

By GFM Staff May 6, 2019

Canada’s big two railways reported somewhat higher revenue from handling grain during their fiscal quarter ending March 31, despite both companies reporting winter weather woes. Canadian Pacific Railway (CP) on April 23 reported grain segment revenue of $380 million for the quarter, up six per cent from the year-earlier period, on about 92,800 grain carloads, […] Read more

Crops, Reuters, Weather

ADM says U.S. floods to cut into Q1 operating profit

By Reuters March 25, 2019

Chicago | Reuters — Flooding and severe winter weather in the U.S. Midwest will reduce Archer Daniels Midland’s first-quarter operating profit by US$50 million to $60 million, the U.S. grains trader said on Monday. Record floods have devastated a wide swath of the farm belt across Iowa, Nebraska, South Dakota and several other states. The […] Read more

Hogs, Livestock, Reuters

Pork supply issues hit Maple Leaf’s Q1 ledger

By Nishara Karuvalli Pathikkal May 2, 2018

Reuters — Meat packer Maple Leaf Foods posted a smaller-than-expected quarterly profit as lower prices and a temporary interruption in supplies hurt sales of its pork products, sending its shares to their lowest in nearly two years. The company, one of Canada’s biggest pork processors, said that processed fresh pork sales were affected by a […] Read more

Crops, Machinery

Grain handle down, costs up in CP’s Q1

By Canadian Cattlemen Staff April 18, 2018

Increased traffic in potash and intermodal containers offset an eight per cent drop in grain carloads in Canadian Pacific Railway’s first quarter, against higher costs and “challenging” conditions. Calgary-based CP on Wednesday booked net income of $348 million on gross revenues of $1.662 billion for the quarter ending March 31, down from $431 million on […] Read more

Beef Cattle, Livestock, Reuters

Strong beef demand lifts Cargill profit for quarter

By Karl Plume September 27, 2017

Chicago | Reuters — Global commodities trader Cargill reported a 14 per cent rise in quarterly profit on Wednesday as strong beef demand and ample supplies of cattle lifted earnings for its animal nutrition and protein segment for a fifth straight quarter. The gains in protein offset a weaker year-on-year result for Cargill’s origination and […] Read more

Crops, Reuters

ADM sees weaker ag services outlook on trading woes

By Karl Plume May 3, 2017

Chicago | Reuters — U.S. agricultural trader Archer Daniels Midland (ADM) on Tuesday cautioned that massive global grain stocks are making it difficult to turn a profit trading grain internationally, sending its shares plummeting despite reporting a higher first-quarter profit. The warning highlighted a string of trading woes at ADM, which has shed several key […] Read more

Crops, Reuters

Bunge profit dives as grain glut hits margins

By Karl Plume May 3, 2017

Chicago | Reuters –– U.S. agricultural trader Bunge reported on Wednesday a sharply lower first-quarter profit and cut its full-year earnings forecast as slow crop sales by farmers in South America squeezed margins in its core agribusiness unit, sending shares tumbling. White Plains, N.Y.-based Bunge said net income available to shareholders plunged 82 per cent […] Read more

Crops, Reuters

Agrium posts smaller-than-expected loss for quarter

By Reuters May 1, 2017

Reuters — Agrium, the world’s biggest farm retailer, reported a smaller-than-expected loss on Monday, helped by higher selling prices for potash. The Calgary-based fertilizer and ag retail firm sold 636,000 tonnes of wholesale potash in the first quarter ended March 31 at an average of $208 per tonne, compared with 456,000 tonnes at $199 per […] Read more

Crops, Machinery

Grain handle helps CN to record first-quarter volume

By Canadian Cattlemen Staff April 29, 2017

Canadian National Railway reports moving more Prairie grain in its first quarter than at the same time last year, despite “more demanding winter conditions” compared to 2016. Montreal-based CN on Monday reported net earnings of $884 million on overall revenues of $3.206 billion for the quarter ending March 31 (Q1), up from $792 million on […] Read more

Pulse weekly outlook: Adversity bolsters chickpea bids

U.S. grains: Corn soars four per cent on fresh sales to China

U.S. livestock: Rising beef prices buoy CME live cattle futures

GFM Network News

Pulse weekly outlook: Adversity bolsters chickpea bids

U.S. grains: Corn soars four per cent on fresh sales to China

U.S. livestock: Rising beef prices buoy CME live cattle futures

Tag Archives first quarter

CP, CN break records for grain shipments

Railways book higher grain freight revenue for Q1

ADM says U.S. floods to cut into Q1 operating profit

Pork supply issues hit Maple Leaf’s Q1 ledger

Grain handle down, costs up in CP’s Q1

Strong beef demand lifts Cargill profit for quarter

ADM sees weaker ag services outlook on trading woes

Bunge profit dives as grain glut hits margins

Agrium posts smaller-than-expected loss for quarter

Grain handle helps CN to record first-quarter volume

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