Tom's Feed
Nov 10, 2014

U.S. hopes for GMO crop cultivation in China still alive, barely

Nov 10 (Reuters) – DuPont Pioneer, one of the world’s
largest seed companies, is refusing to give up on efforts to
cultivate genetically modified crops in Chinese fields in the
face of regulatory hurdles, even as rivals pull back.

The Iowa-based agricultural seed and chemical unit of DuPont
this autumn harvested its first test crops of GMO corn in
China in six years after lengthy efforts to win government
approval for the new field trials.

Nov 6, 2014

ADM’s next CEO faces ethanol, global trade hurdles

CHICAGO, Nov 6 (Reuters) – When Juan Luciano becomes chief
executive officer of Archer Daniels Midland Co in the
new year he will face easing demand for ethanol and increasing
competition from global competitors.

Falling gasoline prices and waning U.S. government support
for ethanol are confronting Chicago-based ADM eight years after
the company hired outgoing CEO Patricia Woertz, a former Chevron
executive, in part to lead the company’s growth in biofuels.

Nov 4, 2014

Exclusive: CME sees chance to buy GFI units even if takeover fails

CHICAGO (Reuters) – CME Group Inc (CME.O: Quote, Profile, Research, Stock Buzz) will likely have a chance to acquire the pieces it wants of GFI Group Inc (GFIG.N: Quote, Profile, Research, Stock Buzz) even if its bid to buy the derivatives broker falls short, the executive chairman of the futures market operator said on Monday.

Terry Duffy, CME executive chairman, said in a wide-ranging interview that he assumed the two GFI units that CME has pursued will be available from “whoever ends up with GFI.”

Oct 31, 2014

Insight: U.S. jockeys with China over GMO crop issues

By Carey Gillam and Tom Polansek

(Reuters) – With U.S. approval for Dow AgroSciences’ package of chemicals and new genetically engineered crops now in hand, the Dow Chemical Co (DOW.N: Quote, Profile, Research, Stock Buzz) unit faces a major obstacle to a $1 billion market opportunity: Chinese import barriers.

The Asian nation has become a major buyer of U.S. corn and soybeans in recent years, but has also shown mounting reluctance to accept some genetically modified crops grown by U.S. farmers. China for the last year has been rejecting U.S. corn shipments containing traces of a type of GMO corn developed by Syngenta AG (SYNN.VX: Quote, Profile, Research, Stock Buzz).

Oct 31, 2014

U.S. jockeys with China over GMO crop issues

Oct 31 (Reuters) – With U.S. approval for Dow AgroSciences’
package of chemicals and new genetically engineered crops now in
hand, the Dow Chemical Co unit faces a major obstacle to
a $1 billion market opportunity: Chinese import barriers.

The Asian nation has become a major buyer of U.S. corn and
soybeans in recent years, but has also shown mounting reluctance
to accept some genetically modified crops grown by U.S. farmers.
China for the last year has been rejecting U.S. corn shipments
containing traces of a type of GMO corn developed by Syngenta AG
.

Oct 31, 2014

CBOE may cut VIX futures trading hours after glitches

CHICAGO, Oct 31 (Reuters) – CBOE Holdings Inc may
trim trading hours at its futures exchange after suffering
glitches that disrupted activity this month, the company’s
president said on Friday.

The CBOE Futures Exchange experienced problems related to
extended market hours for futures on its CBOE Volatility Index,
or VIX, as trading volumes spiked, CBOE President Ed
Provost said on a call to discuss third-quarter earnings.

Oct 31, 2014

CBOE considers reducing trading hours for VIX futures

CHICAGO, Oct 31 (Reuters) – CBOE Holdings Inc may
trim trading hours at its futures exchange after suffering
technical problems that disrupted activity this month, the
company’s president said on Friday.

The CBOE Futures Exchange experienced glitches related to
extended market hours for futures on the CBOE Volatility Index,
or VIX, as trading volumes spiked, CBOE President Ed Provost
said on a call to discuss third-quarter earnings.

Oct 30, 2014

Bunge CEO forecasts strong soy U.S. crush margins into 2015

CHICAGO, Oct 30 (Reuters) – Oilseed processors will profit
from strong U.S. soybean crushing margins through the beginning
of next year, as demand from domestic livestock producers and
importers remains strong, the chief executive officer of Bunge
Ltd said on Thursday.

U.S. margins will be “well above historical averages and
probably the best we’ve seen in many years” for another six
months, despite the arrival of a massive U.S. soybean crop at
processors, CEO Soren Schroder said on an earnings call.

Oct 30, 2014

Slow farmer sales to stretch until next year -Bunge CEO

CHICAGO, Oct 30 (Reuters) – The slow pace of crop sales by
farmers that has hurt two of the world’s biggest grain traders
will likely stretch into next year, the head of Bunge Ltd
said on Thursday.

The forecast for sluggish sales from Chief Executive Officer
Soren Schroder may mean that Bunge and agribusiness rivals,
including Archer Daniels Midland Co and Cargill
Inc, will continue to feel economic pressure from
limited supplies despite massive grain harvests in the United
States.

Oct 30, 2014

Bunge Q3 earnings miss estimates as farmer selling slows

CHICAGO, Oct 30 (Reuters) – Bunge Ltd, one of the
world’s largest agricultural trading houses, on Thursday
defended its risk strategies as it reported lower-than-expected
third-quarter earnings and revenue because of hedging losses and
limited farmer selling.

The New-York based company suffered as farmers in North and
South America, dissatisfied with falling commodity prices, held
on to their crops rather than sell them to processors.