Karl's Feed
Sep 24, 2014

Corn, soybeans and wheat bounce from four-year lows

CHICAGO, Sept 24 (Reuters) – U.S. wheat futures jumped more
than 1 percent on Wednesday as a recent plunge to four-year lows
encouraged investors to cover short positions as the lower
prices sparked improved export demand.

Corn and soybean futures also ticked higher in a
short-covering bounce from four-year lows, though good weather
speeding the harvest of expected record crops in the U.S.
Midwest anchored prices.

Sep 23, 2014

Corn, soybeans sink to four-year lows as harvest advances

CHICAGO, Sept 23 (Reuters) – U.S. corn and soybean futures
fell to four-year lows on Tuesday as mild and mostly dry weather
across the U.S. Midwest is expected to boost the harvest of
record crops.

Wheat fell in tandem with retreating corn and soy, anchored
by plentiful global supplies and strong competition for export
business.

Sep 12, 2014

Cargill sues Syngenta over sale of GMO corn banned by China

CHICAGO, Sept 12 (Reuters) – Cargill Inc, the top
U.S. grain exporter, sued a unit of Syngenta AG in a
Louisiana state court on Friday for damages stemming from
China’s rejection of genetically modified U.S. corn, which
Cargill said cost the company more than $90 million.

Minnesota-based Cargill accuses Syngenta of exposing the
grain trader to losses by selling the seeds to American farmers
before the Swiss company had secured import approval from China,
a major buyer.

Sep 10, 2014

Wal-Mart joins U.S. crop-tour fever seeking food chain edge

CHICAGO (Reuters) – Retail giant Wal-Mart (WMT.N: Quote, Profile, Research, Stock Buzz) joined a group of volunteers counting corn ears and soybean pods in fields in the United States recently in a clear sign traditional crop tours are expanding their appeal from farmers and traders to all those with a stake in the U.S. food chain.

These annual trips to gather detailed on-the-ground information on crops in the world’s biggest grains producer have long been seen as a way to glean market-moving details not found in commodity analyst notes or government reports.

Aug 7, 2014

Cargill revamps energy-trading focus after two painful quarters

CHICAGO (Reuters) – Global commodity merchant Cargill Inc is revamping its energy trading unit after two weak quarters in a row and refocusing on U.S. oil markets for a “fresh start” in fiscal 2015, a top executive said on Thursday.

Cargill was caught wrong-footed on energy positions during an exceptionally cold North American winter that triggered record volatility in energy prices. A large third-quarter loss was followed by damage control in the fourth quarter ended May 31. Energy trading was a factor behind a 12 percent decline in net earnings for the fiscal 2014 fourth quarter.

Aug 7, 2014

Cargill fourth-quarter profit falls on exchange rate loss; revenue up

By Karl Plume

(Reuters) – Cargill Inc [CARG.UL], a top global commodities trader, said on Thursday its quarterly earnings fell as drought limited farm services opportunities in the United States and due to a loss stemming from the drop in the value of Venezuela’s currency.

Minneapolis-based Cargill was also stung by elevated rail shipping costs and railcar shortages in the northern U.S. Plains states, which have similarly impacted rival agribusinesses Archer Daniels Midland Co (ADM.N: Quote, Profile, Research, Stock Buzz) and Bunge Ltd (BG.N: Quote, Profile, Research, Stock Buzz).

Aug 7, 2014

Cargill Q4 profit falls on exchange rate loss; revenue up

Aug 7 (Reuters) – Cargill Inc, a top global
commodities trader, said on Thursday its quarterly earnings fell
as drought limited farm services opportunities in the United
States and due to a loss stemming from the drop in the value of
Venezuela’s currency.

Minneapolis-based Cargill was also stung by elevated rail
shipping costs and railcar shortages in the northern U.S. Plains
states, which have similarly impacted rival agribusinesses
Archer Daniels Midland Co and Bunge Ltd.

Aug 4, 2014

U.S. wheat climbs to 2-week high on western European rain

CHICAGO, Aug 4 (Reuters) – U.S. wheat futures jumped nearly
3 percent on Monday, the strongest gain in 3-1/2 months, as
grain quality concerns in western Europe due to persistent rain
increased investor appetite for U.S. supplies.

Corn and soybeans climbed in a short-covering bounce from
recent lows and as pockets of dry weather around the U.S.
Midwest sparked some scattered production concerns. But prices
remained anchored by the prospect of near-record production in
the United States.

Aug 4, 2014

U.S. chicken farmers latest caught in Russia sanction crosshairs

By Tom Polansek and Karl Plume

(Reuters) – Russia’s threatened ban on U.S. poultry imports, the latest move in a sanctions skirmish over Moscow’s support of rebels in Ukraine, has agriculture companies alert to the risks of a conflict that’s already roiled trading of crops ranging from soy, beef and fruit to California pistachios.

Moscow has struck back against trade sanctions following the downing of a Malaysian jetliner last month by imposing food restrictions, and would add U.S. chickens to Ukrainian soy and other products Russia has blocked since it seized Crimea earlier this year: Australian beef, Latvian and Lithuanian pork, Moldovan fruit and Ukrainian juice.

Jul 31, 2014

Bunge profit tops Street view on strong agribusiness results

July 31 (Reuters) – Bunge Ltd, one of the world’s
largest agricultural trading houses, on Thursday reported
higher-than-expected second-quarter earnings as strong demand
and record large soybean crops in the Southern Hemisphere
bolstered oilseed processing margins.

The White Plains, New York-based company forecast a solid
second half of 2014, skewed toward the fourth quarter, on steady
global demand for crops and as the U.S. and European harvests
replenish stocks.