Karl's Feed
Aug 6, 2015

Cargill posts 4th-qtr loss on one-time charges, revenue down

Aug 6 (Reuters) – Global commodities trader Cargill Inc
reported a net quarterly loss on Thursday due to
one-time charges and lower profit in three of its four business
segments, citing an economic slowdown in emerging markets.

The privately held company, based in Minnesota, posted a net
loss of $51 million for the fiscal fourth quarter ended May 31,
compared with a profit of $376 million a year earlier. The
year-earlier profit was revised downward from $424 million as
the company corrected a charge tied to a Venezuelan currency
devaluation.

Aug 3, 2015

Corn, soy ease on benign U.S. weather, wheat at 6-week low

CHICAGO, Aug 3 (Reuters) – U.S. corn and soybean futures
slid for a second straight session on Monday as favorable
weather in the U.S. Midwest eased crop concerns, while fresh
worries about flagging Chinese growth led to a broad retreat in
commodity markets.

Wheat lost ground to touch a new six-week low as the
prospect of another season of ample global production weighed on
prices.

Jul 30, 2015

U.S. soybean export sales poised for Q4 rebound – Bunge CEO

July 30 (Reuters) – U.S. exporters need not worry that
forward sales of soybeans to be harvested this autumn are off to
the slowest start in six years as top importer China will
considerably accelerate its purchases in the fourth quarter, the
chief executive of Bunge Ltd said on Thursday.

Chinese imports of South American soybeans have shattered
records in recent months, but the country’s soy crush margins,
although volatile, remain positive so importer demand should
remain strong, Soren Schroder said.

Jul 30, 2015

Bunge second-quarter profit misses forecast, shares drop

By Karl Plume

(Reuters) – Agricultural commodities trader Bunge Ltd (BG.N: Quote, Profile, Research, Stock Buzz) reported a sharply lower quarterly profit due to weak oilseed processing margins in Canada and Europe and an unexpectedly steep drop in demand for its food products in recession-hit Brazil.

Shares of the White Plains, New York-based company plunged more than 5 percent.

Bunge’s agribusiness segment – which buys, sells, stores and transports crops and processed products and is its largest in terms of revenues – saw earnings drop 57 percent from the year-ago quarter.

Jul 30, 2015

Bunge Q2 profit misses forecast, shares drop

July 30 (Reuters) – Agricultural commodities trader Bunge
Ltd reported a sharply lower quarterly profit due to weak
oilseed processing margins in Canada and Europe and an
unexpectedly steep drop in demand for its food products in
recession-hit Brazil.

Shares of the White Plains, New York-based company plunged
more than 5 percent.

Bunge’s agribusiness segment – which buys, sells, stores and
transports crops and processed products and is its largest in
terms of revenues – saw earnings drop 57 percent from the
year-ago quarter.

Jul 23, 2015

Commodities shipper Trans Coastal Supply Co files for bankruptcy

CHICAGO (Reuters) – Commodities shipper Trans Coastal Supply
Company Inc filed for Chapter 11 bankruptcy on Thursday citing
more than $28 million in unsecured debt, according to a court
filing.

Its trade debt included over $12.1 million to CHS Inc
, the largest U.S. farmer-owned cooperative, and $3
million to grain handler and ethanol maker The Andersons Inc
, according to the filing seen by Reuters. Other
creditors included ethanol company Green Plains Inc and
commodities trader Cargill Inc.

Jul 16, 2015

Coast Guard reopens flood-swollen Illinois River to barge traffic

CHICAGO (Reuters) – The U.S. Coast Guard reopened a flood-swollen section of the Illinois River to commercial traffic on Thursday after the key grain shipping waterway began to drop from near record-high crests hit earlier this week.

About a dozen barge tows that had been stranded by the two-day closure of a 50-mile (80 km) stretch of the river between Kampsville and Versailles, Illinois, were allowed to transit south toward the Mississippi River and on to the Gulf Coast, industry sources said.

Jul 14, 2015

Flooding halts Illinois River barges, corn export costs jump

CHICAGO (Reuters) – The U.S. Coast Guard closed a 50-mile stretch of the Illinois River to all traffic on Tuesday as persistent heavy rains following the state’s wettest June on record swelled the waterway to within two feet of all-time highs in some areas.

Cash premiums for corn shipped in barges to the Gulf Coast for export surged to the highest in two weeks as river grain elevators in the country’s No. 2 corn-producing state were forced to stop loading vessels as barge lines sidelined boats.

Jul 2, 2015

Crop weather uncertainty lifts corn to 6-month peak

CHICAGO, July 2 (Reuters) – U.S. corn futures rose to a
six-month peak on Thursday, adding to strong gains earlier in
the week as adverse weather in parts of the U.S. Midwest and
Western Europe threatened crops.

Prices for soybeans and wheat were mixed as investors
squared positions ahead of the U.S. Independence Day holiday
weekend that begins on Friday, when U.S. markets are closed.

Jul 2, 2015

Corn climbs to six-month high on wet U.S. Midwest weather

CHICAGO, July 2 (Reuters) – U.S. corn futures rose to a
six-month peak on Thursday, adding to strong gains earlier in
the week as adverse weather in the parts of the U.S. Midwest and
Western Europe threatened crops.

Prices for soybeans and wheat also firmed as investors
squared positions ahead of the U.S. Independence Day holiday on
Friday, when U.S. markets are closed.