For the second year in a row, the Port of Stockton set a record for ship arrivals in 2015. Overall, [...]
Container volumes through The Northwest Seaport Alliance improved 5.9 percent in November when compared with November 2014, the Northwest Seaport Alliance reported recently.
November marked the ninth consecutive month of growth for the combined effort that joined the Port of Tacoma and the Port of Seattle earlier this year.
Containerized exports improved 10.8 percent through [...]
Members of the founding family of Louis Dreyfus Commodities — one of the world’s largest traders of coffee, sugar and wheat — have asked the Russian-born billionaire who now controls the company to buy out most of their stake.
People familiar with the situation said the family members had informed majority shareholder Margarita Louis-Dreyfus of [...]
With crops like corn to soybeans headed for their longest price slump since at least the 1990s, shrinking profit margins may make owners of North American grain assets more inclined to sell. While premiums remain near a 10-year high, they have declined, and the pace of deals for agricultural operations has accelerated, with the most [...]
A Tennessee man who defrauded Bunge North America by overpaying for agricultural commodities, was sentenced Thursday to 366 days in federal prison.
From 2009-2013, Coleman Carpenter, of Troy, overpaid farmers, producers and dealers for millions of bushels of corn, soybeans and other commodities, prosecutors have said. He then falsified documents to show that he had [...]
A 20 percent quarterly profit jump for global grains trader Cargill Inc suggests recent disappointing quarterly earnings from rival agribusinesses Archer Daniels Midland Co and Bunge Ltd may be more of a blip than long-term concern, analysts said.
Cargill’s strong results, reported on Wednesday, seem to indicate surprising strength for traders of agricultural commodities, as [...]
Gavilon news release:
Gavilon Grain, LLC has announced that it has launched a new web service, myGavilon, that allows customers to personalize their grain experience. Producers are able to access all of their transactions (i.e., balances, contracts and tickets) as well as weather, cash bid and futures market information all in one place.
The U.S. brokered a historic accord Monday to ease trade in goods and services among a dozen Pacific-rim nations that make up about 40 percent of the world economy.
The Trans-Pacific Partnership, five years in the making, will now be subject to months of scrutiny by lawmakers that could yet derail it. Critics on both [...]
Weaker commodity markets led to a halving of first-half profit at Louis Dreyfus Commodities B.V. , but the global trading group said its growing volumes showed food could withstand economic pressures better than other raw materials.
Louis Dreyfus, like traditional rivals Archer Daniels Midland, Bunge and Cargill that dominate trading in agricultural commodities, has been [...]
ILWU Local 10 Business Agent Derrick Muhammad speaks out against coal for health and economic reasons — and others were exploited to show ‘support’ in exchange for a free T-shirt and meal — in this news clip from KPIX titled ‘Oakland Residents Weigh In On Proposed Coal Train Terminal’:
Hundreds gathered in Monday night [...]
From the Contra Costa Times:
Longshore workers at the Port of Oakland are opposing a developer’s plan to ship coal to Asia through a new terminal at the old Army Base.
Members of International Longshore and Warehouse Union Local 10 and Local 34 voted to oppose the handling of coal at a new bulk maritime [...]
The official voice of the labor movement in the East Bay has come out against plans to export coal from Oakland. This morning, the Alameda Labor Council’s executive committee passed a resolution opposing the export of coal from the bulk commodity terminal planned for construction at the city’s former Army Base.
The resolution cites health [...]
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