Karl's Feed
May 3, 2011

ADM profit rises, ag services growth modest

CHICAGO, May 3 (Reuters) – U.S. agricultural processor
Archer Daniels Midland Co (ADM.N: Quote, Profile, Research, Stock Buzz) reported higher third quarter
earnings on Tuesday on strong results from its corn and oilseed
processing segments.

But volatile commodities prices, instability in the Middle
East and Africa, and challenges resulting from a severe
earthquake and tsunami in Japan weighed on the company’s
agricultural services business. Its shares were down 2.8
percent in premarket trading.

Apr 28, 2011

Bunge profit tops estimates on strong demand

CHICAGO, April 28 (Reuters) – Agricultural processor Bunge
Ltd (BG.N: Quote, Profile, Research, Stock Buzz) posted higher-than-expected quarterly earnings on
Thursday, citing strong global demand for grains and oilseeds.

Profit in Bunge’s core agribusiness segment more than
doubled as demand for agricultural goods such as corn, soybeans
and wheat grown in the United States and South America surged
following crop shortfalls in Russia and other key exporting
nations.

Apr 21, 2011

Illinois hogs eating more wheat may ease China prices

CHICAGO (Reuters) – Steve Ring’s 400,000 hogs in Illinois may soon have a change of diet; if they do, China’s central bank governor Zhou Xiaochuan may breathe easier.

Like so many people grappling with record high food prices, Ring is desperately trying to keep a lid on costs; at the same time, Zhou is seeking to contain inflation that’s threatening growth, driven in part by corn, which China has been importing in greater volume than any time since the mid-1990s.

Apr 21, 2011

Analysis: Illinois hogs eating more wheat may ease China prices

CHICAGO (Reuters) – Steve Ring’s 400,000 hogs in Illinois may soon have a change of diet; if they do, China’s central bank governor Zhou Xiaochuan may breathe easier.

Like so many people grappling with record high food prices, Ring is desperately trying to keep a lid on costs; at the same time, Zhou is seeking to contain inflation that’s threatening growth, driven in part by corn, which China has been importing in greater volume than any time since the mid-1990s.

Apr 12, 2011

CBOT corn tops wheat for first time in 15 years

CHICAGO, April 12 (Reuters) – For the first time in 15 years, wheat
prices fell below those for corn on Tuesday, opening the door wider for
wheat, which is used to make cakes and bread, to become fodder for
livestock and poultry.

Soft red winter wheat futures briefly traded below prices for corn at
the Chicago Board of Trade, the pinnacle of corn’s climb to record highs
this week amid dwindling U.S. supplies.

Mar 15, 2011

Mosaic CEO sees brief drop in Japan grain imports

CHICAGO (Reuters) – The disaster in Japan, a top buyer of U.S. corn, wheat and soybeans, will likely disrupt the country’s grain imports temporarily before a rebound, but it is too soon to forecast a timetable, the CEO of Mosaic Co (MOS.N: Quote, Profile, Research, Stock Buzz), the world’s second-largest fertilizer producer, said Tuesday.

“It’s premature to make any hard predictions,” Chief Executive Jim Prokopanko said at the Reuters Food and Agriculture Summit in Chicago. “I think we’ll see a short period of time where grain demand comes down.”

Mar 14, 2011

U.S. chicken industry still vulnerable

CHICAGO (Reuters) – The U.S. poultry industry could suffer “substantial reductions in production” this year if crop problems drive feed prices higher, the chief executive of the No. 4 U.S. chicken producer said on Monday.

Despite some poultry price increases, struggling U.S. chicken producers are still losing money due to historically high feed costs, Joe Sanderson, CEO of Sanderson Farms (SAFM.O: Quote, Profile, Research), told the Reuters Food and Agriculture Summit.

Mar 14, 2011

Corrected: U.S. chicken industry still vulnerable

CHICAGO (Reuters) – The U.S. poultry industry could suffer “substantial reductions in production” this year if crop problems drive feed prices higher, the chief executive of the No. 4 U.S. chicken producer said on Monday.

Despite some poultry price increases, struggling U.S. chicken producers are still losing money due to historically high feed costs, Joe Sanderson, CEO of Sanderson Farms (SAFM.O: Quote, Profile, Research, Stock Buzz), told the Reuters Food and Agriculture Summit.

Feb 10, 2011

Bunge beats Street on strong agribusiness results

CHICAGO, Feb 10 (Reuters) – Agricultural processor Bunge
Ltd (BG.N: Quote, Profile, Research, Stock Buzz) reported higher-than-expected fourth-quarter profit
and revenue on strength in grain merchandising.

Bunge’s grain marketing, storage and transportation
operations benefited from rising global demand for food amid
thinning stocks, and the company said it was able to withstand
highly volatile commodities markets with favorable futures
hedge positions.

Feb 1, 2011

ADM profit tops Street view; shares jump

CHICAGO, Feb 1 (Reuters) – U.S. agricultural processor and
ethanol producer Archer Daniels Midland Co (ADM.N: Quote, Profile, Research, Stock Buzz) reported
stronger-than-expected quarterly earnings on Tuesday as rising
grain prices and robust global demand bolstered results,
sending its shares up 6.3 percent in premarket trading.

For the fiscal second quarter ended Dec. 31, net profit was
$732 million, or $1.14 per share, compared with $567 million,
or 88 cents per share, a year earlier.