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(ADM.com)
Crops, Markets, Reuters

ADM beats profit estimates but revenue disappoints

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Reuters — Global grains trader Archer Daniels Midland beat Wall Street estimates for quarterly profits on Thursday, helped by strength in its grain milling and nutrition businesses. Still, revenue missed analysts’ expectations and net earnings attributable to the company were 44 per cent lower than a year earlier. Shares were down nearly three per cent […] Read more
Cereals, Crops, Markets, Reuters

Saudi Arabia completes first phase of flour mill privatization

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Dubai/London | Reuters — Saudi Arabia said on Wednesday it had completed the first batch of its flour milling sector privatization, according to a statement by the state grain buyer and privatization centre. The long-awaited flour mills sale was one of the first privatizations the kingdom planned as part of a wide-reaching overhaul of its […] Read more
(AHPhotoswpg/iStock/Getty Images)
Crops, Markets, Spring Wheat

Burnett on Markets: Home flour use soars during pandemic

That's led to increased demand for milling wheat -- at least temporarily

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It is hard to miss the lack of flour in the grocery aisles lately as consumers stock up on the “essentials.” A number of stores are just rolling out the pallets of flour into the store and they are picked clean by the end of the day. The increased domestic use of flour does not […] Read more
CBOT May 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn rebounds after multi-year lows

Soybeans firm, wheat sags

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Chicago | Reuters — U.S. corn futures rose on Tuesday, clawing back from last week’s multi-year lows as traders covered short positions and farmer sales stalled, analysts said. Wheat futures declined, pressured by profit-taking after recent rallies, while soybeans closed modestly higher. Chicago Board of Trade May corn settled up 3-3/4 cents at $3.47-1/4 per […] Read more
Reginald Conyers, a traveling busker, plays the trumpet outside a Safeway while people observing social distancing wait in line to enter the store in Oakland on March 20, 2020. (Photo: Reuters/Kate Munsch)
Crops, Markets, Reuters

Panic buying, lockdowns may drive world food inflation

World has ample grain and oilseed supplies, FAO and analysts say

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Singapore | Reuters — Lockdowns and panic food buying due to the coronavirus pandemic could ignite world food inflation even though there are ample supplies of staple grains and oilseeds in key exporting nations, a senior economist at FAO and agricultural analysts said. The world’s richest nations poured unprecedented aid into the global economy as […] Read more
File photo of a durum wheat field in Idaho. (Craig Morris photo courtesy ARS/USDA)
Cereals, Crops, Weather

Late North American durum faces quality downgrades

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MarketsFarm — Cool and wet conditions delaying harvest operations across North America’s durum-growing regions are cutting into the quality of the crop in both the U.S. and Canada, with widening price spreads likely going forward. “It’s been a challenging harvest,” said Erica Olson, marketing specialist with the North Dakota Wheat Commission. “We did have some […] Read more
Paterson Grain’s current elevator at Rosser, Man., is the largest in its Prairie primary grain handling network at 121,000 tonnes capacity. (Dave Bedard file photo)
Crops, Oats

Paterson stakes Manitoba site for oat processing plant

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Up to a quarter million tonnes of oats per year could find a new end use as a Winnipeg agrifood company sets up a new oat processing plant near its home base. Privately-held Paterson GlobalFoods (PGF) announced Thursday it will start construction “immediately” on the new plant, on part of its 600-acre site next to […] Read more
Grain Millers’ Saskatchewan milling plant at Yorkton. (GrainMillers.com)
Crops, Oats

Glyphosate raises milling questions

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There’s more to the controversy surrounding glyphosate than whether the herbicide is safe to use or not: one miller has said it found oats and other grains treated with pre-harvest glyphosate don’t mill as well as untreated grains. Since 2015, Grain Millers Inc. has had a glyphosate-free policy on oats, said Eric Deblieck, a crop […] Read more

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