CHICAGO, July 29 (Reuters) – Bunge Ltd (BG.N: Quote, Profile, Research) posted a
surprising quarterly loss before a gain from the sale of its
fertilizer nutrients assets and the agricultural processor
slashed its full-year earnings outlook, sending its shares down
The company attributed the disappointing second-quarter
results primarily to low volumes and margins in agribusiness,
its largest business segment. It said it sees a more
challenging oilseed-crushing market than anticipated.
CHICAGO (Reuters) – U.S. agricultural processor Archer Daniels Midland Co <ADM.N> posted higher third-quarter earnings on Tuesday amid improved oilseed processing and ethanol margins and rising demand for grains.
For the fiscal third quarter ended March 31, ADM reported net earnings of $421 million, or 65 cents a share, compared with $3 million, or nil per share, a year earlier.
CHICAGO, May 3 (Reuters) – U.S. grain markets are nervous that
an expanding oil slick in the Gulf of Mexico may choke off exports
of corn, soybeans and wheat from the country’s busiest grains
port, but shipping continues unfettered at the moment.
Any potential slowdown or halt in ship movement into or out of
the Mississippi River could prompt exporters to divert supplies to
other U.S. ports at an increased cost or to source grain from
other countries such as Brazil or Argentina.
CHICAGO, April 29 (Reuters) – Bunge Ltd <BG.N> posted a
lower-than-expected quarterly profit on Thursday, citing tight
soybean supplies and weak fertilizer margins in South America,
and the agricultural processor cut its 2010 outlook.
“We may see some pressure on margins from increased oilseed
processing capacity in North America,” said Chief Financial
Officer Jacqualyn Fouse.
CHICAGO/NEW YORK, April 28 (Reuters) – Saudi Arabia and the
International Energy Agency presented differing views on
current oil prices on Wednesday, highlighting the potential for
a new schism to emerge between consumers and producers as crude
tops $80 a barrel.
Oil Minister Ali al-Naimi reiterated that current prices
were “more sustainable” as the worst of the economic crisis had
passed. He has hailed as “beautiful” an oil price between $70
and $80 that, he says, benefits both producers and consumers.
CHICAGO (Reuters) – The U.S. ethanol sector has been on the road to recovery since a calamitous 2008, but the once soaring industry appears to have hit a plateau amid a glut of supply and a murky demand picture, analysts said at the Reuters Food and Agriculture Summit in Chicago.
Producers are hoping that a government ruling expected this summer to increase ethanol blends will reignite the type of demand growth seen years ago when competing fuel additive MTBE was phased out due to environmental concerns.
CHICAGO (Reuters) – U.S. wheat production and slumping exports will continue to fade in coming years due to increasing competition in the global marketplace from lower-cost producers in the Black Sea region, grain analysts said at the Reuters Food and Agriculture Summit in Chicago.
Russia, the largest of the Black Sea producers, has invested heavily in port facilities and grain handling infrastructure in recent years, allowing it to challenge the United States as the world’s top supplier of the grain.
CHICAGO (Reuters) – An improving global economy could help food, restaurant and beverage companies start to sell more sodas, sandwiches and suds.
But it could also bring back some of the issues from a couple of years ago, including higher commodity prices, greater demand in developing countries that pulls on finite supply of crops, and a rekindling of the debate over whether crops should be used for food or for energy.
CHICAGO, Feb 4 (Reuters) – Bunge Ltd <BG.N> reported a
fourth-quarter net loss on Thursday as its fertilizer segment
continued to lose money and agribusiness results were weaker
than expected, sending its shares down more than 4 percent.
The results overshadowed Bunge’s 2010 profit outlook, which
an analyst said appeared to be better than expected.
CHICAGO (Reuters) – Archer Daniels Midland Co’s <ADM.N> quarterly earnings topped Wall Street expectations and the grain processor and ethanol producer said demand for food and fuel was improving, sending shares up 4 percent.
ADM and others in the agricultural sector were hit hard over the past year as the worst recession in decades hurt global demand for food and fuel. But signs of a global economic recovery and the company’s ethanol expansion plans point to a brighter outlook ahead.