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Apr 13, 2011

Cargill profits led by grain processing

CHICAGO (Reuters) – Agribusiness and trading giant Cargill Inc CARG.UL said quarterly earnings rose 30 percent, lifted by its grain processing business.

Minneapolis-based Cargill, one of the world’s largest privately held corporations, on Wednesday reported $763 million in earnings from continuing operations for the quarter ended February 28, up from $588 million a year earlier.

Apr 13, 2011

Cargill profits up 30 pct, led by grain processing

CHICAGO, April 13 (Reuters) – U.S. agribusiness and trading
giant Cargill Inc [CARG.UL] said quarterly earnings rose 30
percent, lifted by its grain processing business.

Minneapolis-based Cargill, one of the world’s largest
privately held corporations, on Wednesday reported $763 million
in earnings from continuing operations for the quarter ended
Feb. 28, up from $588 million a year earlier.

Apr 8, 2011

US crop insurers eye big profits, big risks in 2011

CHICAGO, April 8 (Reuters) – U.S. crop insurers appear set
to reap a bonanza this year with premium income expected to
jump about 45 percent to a record $11 billion amid soaring
prices for the main row crops like corn, soybeans and cotton.

But with record premiums and high commodity prices, comes
big risk if bad weather harms the nation’s crops and farmers
cash in on the policies.

Mar 26, 2011

Drought raising risk of more western U.S. wildfires

CHICAGO (Reuters) – Severe drought conditions across eastern Colorado and the western half of Kansas and Oklahoma are worsening the outlook for more wild fires in the region, climatologists said.

“When you have the kind of dry pattern we had over the winter, that’s when we really get concerned,” said Mary Knapp, state climatologist for Kansas. “Unfortunately, the outlook is for drought to persist in the west and expand eastward.”

Mar 17, 2011

Almost half of U.S. faces spring flooding: NOAA

WASHINGTON/CHICAGO (Reuters) – Almost half the United States — the North Central region, the Midwest and the Northeast — faces a high risk of spring flooding over the next two weeks, government forecasters said on Thursday.

The National Oceanic and Atmospheric Administration said in its spring forecast that the stage was set for potential widespread, record flooding, particularly in the North Central United States for the third year in a row.

Mar 16, 2011

Cargill says new lo-cal product hits sweet spot

CHICAGO (Reuters) – U.S. agribusiness giant Cargill, further expanding beyond its traditional commodities-based businesses, says its latest product will make a splash in beverages.

“It’s a capability that allows us to take sugar or other materials out of products and replace the sugar with other materials that maintain the flavor, the sweetness and the body,” Kerr Dow, Cargill’s vice president of global food technology, told the Reuters Food Summit on Wednesday.

Mar 15, 2011

“Get used to higher food costs”: experts

CHICAGO (Reuters) – Higher food prices are here to stay.

A rising tide of global forces is supporting the surge in prices for important food staples like meat, dairy and grains, commodity experts said at the Reuters Global Food and Agriculture Summit on Tuesday.

“This is a pretty sustainable increase … A number of factors have been building over time in terms of the commodity increase: world economic growth, rising crude oil prices, increased Chinese import demand all have conspired,” said Bill Lapp, president of Advanced Economic Solutions, a commodity analytical firm based in Omaha, Nebraska.

Feb 17, 2011

US Midwest farmland price jumps 12 pct in 2010

CHICAGO, Feb 17 (Reuters) – Farmland values in the U.S.
Midwest, heart of the world’s most productive grain belt, rose
12 percent in 2010, the second largest annual gain in 30 years,
the Federal Reserve Bank of Chicago said on Thursday.

“After adjusting for inflation, the 2010 annual increase
became the second largest since 1976 all by itself. Iowa
farmland values led the surge, closely followed by those of
Illinois and Indiana,” the Fed said in its quarterly survey of
212 banks in the region.

Feb 11, 2011

U.S. cash commodity traders fret over “swaps” regs

PALM BEACH, Florida (Reuters) – Traders in physical commodity markets from grains to oil to sugar and gas are worried that a U.S. government push to regulate opaque over-the-counter trading will disrupt their business.

At issue is scrutiny by the Commodity Futures Trading Commission on trading by cash merchants of contracts for things like grain barges or oil tank cars, as “paper” commodities.

Feb 4, 2011

Analysis: U.S. biodiesel on life support, but smiling

CHICAGO (Reuters) – Biodiesel, still a money-losing proposition in the United States compared to oil-based diesel, is about to have its best year ever thanks to government tax credits and usage mandates.

But it will take months for the biodiesel industry to bounce back after being stranded last year, when the government let its six-year subsidy expire. Biodiesel production fell 20 percent in 2010 and was only half of 2008 output as plants across the country closed or slashed production.

    • About Christine

      "As community editor for Thomson Reuters global on-line chatroom for grains traders and analysts, the Global Ags Forum, I lead chats on the latest factors driving grains and oilseeds markets worldwide, organize chat events with expert industry sources and promote the room to potential market players. Based in Chicago, I also report on U.S. cash and futures grains and oilseeds markets."
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