Karl's Feed
Oct 7, 2015

Cargill 1st-qtr profit jumps 20 pct despite commodities slump

CHICAGO, Oct 7 (Reuters) – Global commodities trader Cargill
Inc effectively navigated tumbling commodities markets
and volatile currencies to turn in a 20-percent gain in
first-quarter profit, the privately held company said on
Wednesday.

The Minnesota-based company’s grain and oilseed supply chain
and energy businesses were standouts in the quarter ended Aug.
31, in stark contrast with several rival agribusinesses that
have struggled in the commodities market downturn.

Sep 30, 2015

Glencore’s Canada agricultural assets intriguing at the right price – CHS

CHICAGO (Reuters) – U.S. farm cooperative and grains trader CHS Inc (CHSCP.O: Quote, Profile, Research) would be interested in the Canadian grain handling assets of embattled commodities trader Glencore (GLEN.L: Quote, Profile, Research), but only if they came at a discounted price, CHS Chief Executive Carl Casale said in an exclusive interview.

As part of a debt-reduction plan, Swiss-based Glencore has said it could sell a minority stake in its agricultural business, which includes assets from its 2012 purchase of Canada’s largest grain handler Viterra. Analysts say all of Glencore’s agricultural assets could be on the trading block.

Sep 30, 2015

Glencore’s Canada ag assets intriguing at the right price -CHS

CHICAGO, Sept 30 (Reuters) – U.S. farm cooperative and
grains trader CHS Inc would be interested in the
Canadian grain handling assets of embattled commodities trader
Glencore, but only if they came at a discounted price,
CHS Chief Executive Carl Casale said in an exclusive interview.

As part of a debt-reduction plan, Swiss-based Glencore has
said it could sell a minority stake in its agricultural
business, which includes assets from its 2012 purchase of
Canada’s largest grain handler Viterra. Analysts say all of
Glencore’s agricultural assets could be on the trading block.

Sep 24, 2015

China importers in deals to buy 13.18 mln tonnes US soybeans

DES MOINES, Iowa, Sept 24 (Reuters) – Importers from China,
the world’s top soybean buyer, signed agreements to buy a total
of 13.18 million tonnes of U.S. soybeans valued at about $5.3
billion at a signing ceremony in Des Moines, Iowa, on Thursday.

Representatives from Chinese companies such as state-owned
COFCO and Sinograin and privately-held Sunrise Group signed 24
contracts with U.S. companies, including Archer Daniels Midland
Co and Cargill Inc, in one of the largest
single-day soybean deals on record.

Sep 22, 2015

Chicago mayor urges aldermen to approve massive tax increase

CHICAGO (Reuters) – Chicago Mayor Rahm Emanuel on Tuesday urged the city council to approve an unprecedented property tax hike, calling it a last resort as he proposed a 2016 budget to dodge a financial crisis linked to unfunded pensions.

In a half-hour speech to Chicago’s 50 aldermen, Emanuel said spending cuts were not an option as the third-largest U.S. city tries to overcome years of chronic deficit spending.

Aug 20, 2015

Soybeans bounce from 6-year low, corn stays firm

CHICAGO, Aug 20 (Reuters) – U.S. soybean futures rebounded
from near six-year lows on Thursday in a short-covering bounce
and as weekly government export data showed strong new-crop
sales last week.

Corn edged higher, hovering close to last session’s one-week
peak after field reports from an annual crop tour suggested the
country’s output may be lower than was forecast by the U.S.
Department of Agriculture.

Aug 19, 2015

Soybeans drop to near 6-year low on U.S. Midwest rains

CHICAGO, Aug 19 (Reuters) – U.S. soybean futures fell to
multiyear lows on Wednesday in a broad-based commodities selloff
and as widespread rain in the U.S. Midwest was expected to
boost yields.

Wheat slumped for a third straight session on pressure from
sluggish demand and hefty global supplies, hitting contract lows
in several months.

Aug 18, 2015

Soybeans drop on rainy U.S. Midwest outlook, China worries

CHICAGO, Aug 18 (Reuters) – U.S. soybean futures fell 1.5
percent on Tuesday, pressured by concerns about cooling demand
from top importer China and forecasts for rain in the U.S.
Midwest at a key point in the crop’s development.

Corn firmed as a weekly U.S. Department of Agriculture
report showed a slight decline in the crop’s condition, while
wheat futures declined on weak demand and plentiful global
supplies.

Aug 18, 2015

Soy drops on rainy U.S. Midwest outlook, stable crop condition

CHICAGO, Aug 18 (Reuters) – U.S. soybean futures fell more
than 1 percent on Tuesday, pressured by stable crop conditions
and forecasts for rain in the U.S. Midwest at a key point in the
crop’s development.

Corn firmed as a weekly U.S. Department of Agriculture
report showed a slight decline in the crop’s condition, while
wheat futures declined on weak demand and plentiful global
supplies.

Aug 17, 2015

Good Midwest crop weather weighs down U.S. corn, soybeans

CHICAGO, Aug 17 (Reuters) – U.S. soybean futures were mixed
on Monday as early support from government data on unplanted
acres was more than offset by pressure from a rainy Midwest
forecast that should bolster the crop at a key stage of
development.

Corn also hovered near the unchanged mark, anchored by
favorable crop weather, while wheat shed more than 1 percent on
ample global supplies and a firm dollar that further dampened
U.S. export prospects.