Karl's Feed
Feb 4, 2014

ADM quarterly profit slumps 27 percent on GrainCorp charges

By Karl Plume

(Reuters) – U.S. agricultural processor Archer Daniels Midland Co (ADM.N: Quote, Profile, Research, Stock Buzz) reported a 27-percent drop in quarterly earnings on Tuesday as charges related to its failed acquisition of GrainCorp overshadowed strength in its corn processing and oilseeds businesses.

The Decatur, Illinois-based company had pursued grain handler GrainCorp for 13 months before Australia’s government blocked the deal in November, striking a blow to ADM’s plan to expand to meet fast-growing demand in Asia and the Middle East.

Jan 24, 2014

Wheat sinks on profit-taking, big exports buoy soybeans

CHICAGO, Jan 24 (Reuters) – U.S. wheat futures slid nearly 1
percent on Friday in a profit-taking setback following the
steepest rally in three months the previous session on worries
that a cold snap in the Midwest and Plains could damage the
dormant winter crop.

Soybeans rebounded from early session losses as strong U.S.
export sales offset pressure from favorable crop weather in
major exporter Argentina and rising crop forecasts for Brazil,
the world’s top soy supplier. Talk of fresh Chinese demand for
near-term U.S. supplies propelled prices to session highs late.

Jan 23, 2014

Bitter cold impedes U.S. grain, hog shipments; threatens wheat

CHICAGO, Jan 23 (Reuters) – Bitterly cold weather slowed
grain and livestock shipments around the central United States
on Thursday and threatened to damage the dormant winter wheat
crop, sending futures prices higher, industry sources and
meteorologists said.

Temperatures plunged to the single-digits to below zero
Fahrenheit across the northern Midwest and Plains, and even
colder conditions were expected early next week, forecasters

Jan 22, 2014

Soybeans hit 2-month low as S.America harvests massive crop

CHICAGO, Jan 22 (Reuters) – U.S. soybeans shrugged off early
short-covering support on Wednesday and fell for a second
straight session as improving crop weather in Argentina and
near-ideal conditions in Brazil boosted prospects for a
record-large harvest.

Technical selling and spread trading further pressured
prices as investors unwound short corn and long soybean
positions, dragging the spot soy contract to the lowest in two

Jan 21, 2014

Soybeans drop as heat-stressed Argentine crop gets rain

CHICAGO, Jan 21 (Reuters) – U.S. soybean futures slumped
nearly 3 percent on Tuesday in the steepest slide since
mid-November as forecasts for rain in Argentina eased concerns
about hot, dry weather cutting soy crop yields from the major

Wheat hovered near a recent 3-1/2 year low, anchored by
ample global supplies and stiff competition for U.S. grain on
the world market. Corn traded on both sides of Friday’s closing
price, guided largely by spread trading, and closed slightly

Jan 13, 2014

China renewal of GMO corn import certificates good sign -Vilsack

SAN ANTONIO, Texas, Jan 13 (Reuters) – Beijing’s renewal of
expired import certificates of several biotech corn strains last
week is an encouraging sign that the United States and China
will soon resolve the import dispute over an unapproved corn
variety that has caused the rejection of several U.S. corn
shipments, U.S. Agriculture Secretary Tom Vilsack said on

“These were renewals, so it’s not new, but it’s comforting
to the companies who had been waiting for quite some time for
this,” Vilsack told reporters at the annual American Farm
Bureau Federation convention here.

Jan 8, 2014

US soy, corn premiums spike on winter shipping delays

CHICAGO, Jan 8 (Reuters) – Cash premiums for spot shipments
of corn and soybeans to processors around the U.S. Midwest rose
to four-month peaks on Wednesday as buyers scrambled for
supplies after stormy and frigid winter weather slowed

Basis bids for barge loads of soybeans delivered to export
elevators at the Gulf Coast also hit the highest levels since
September as ice clogged rivers in the central Midwest while
export demand for the oilseed remained strong.

Jan 8, 2014

Winter shipping delays send cash US soybean premiums to 4-mth peaks

CHICAGO, Jan 8 (Reuters) – Cash premiums for spot shipments
of soybeans to processors around the U.S. Midwest and export
elevators at the Gulf Coast rose to four-month peaks on
Wednesday as buyers scrambled for supplies amid a slowdown in
deliveries due to winter weather.

A bitter cold snap that sent temperatures to record or
near-record lows in the nation’s midsection early this week has
loosened its grip slightly, but shipping challenges remained.

Jan 6, 2014

Brutal cold slows U.S. farming and meat business

CHICAGO, Jan 6 (Reuters) – The coldest weather to hit the
central United States in two decades disrupted grain and
livestock shipments throughout the nation’s farm belt on Monday,
curbed meat production at several packing plants and threatened
to damage the dormant wheat crop.

The near-record cold followed a winter storm that dumped
more than a foot of snow in some areas over the weekend, closing
roads in northwest Indiana and preventing workers from reaching
pork plants, grain elevators and processing plants in the
northern half of the state, industry sources said.

Jan 3, 2014

Distillers grain prices slump as China rejections clog pipeline

CHICAGO, Jan 3 (Reuters) – The price of distillers’ dried
grain has slid 20 percent in a week as U.S. exporters shied away
from selling the corn-based feed grain to its top customer China
after Beijing rejected shipments containing an unapproved GMO
corn strain.

“Everyone is just nervous. If you load something no one
knows if someone is going to take it or not,” said Ryan
McClanahan, a Kansas City-based trader with Commodity
Specialists Co, which supplies DDGs to both domestic and export