Low commodity prices along with record or near record crop surpluses means that Congress needs to get to work right away on the next Farm Bill. That’s according to National Farmers [...]
From Bloomberg BNA:
Once hailed as the next frontier for global shipping, the Arctic’s unpredictable weather and sparse population mean it’s unlikely to become the next frontier for global container shipping, even if melting sea ice makes its waterways more easily navigable.
Russian, American and [...]
Almost every member of the Nipawin Fire Department and all of its six trucks were called out to a fire at Bunge, just south of Nipawin the evening of Tuesday, August 2.
“It was a fire in the machinery,” said Chief Brian Starkell.
There were no injuries reported. An investigator will be coming up [...]
The United States is about to import the largest wheat cargo from the U.K. in more than two decades as a combination of ample British supply, a weaker pound and rock-bottom freight rates make the unusual trade viable.
It’s unusual for the U.S. to import large quantities of wheat, not least because it’s the third-biggest [...]
Marubeni Corp expects 10 billion yen ($91.96 million) profit from U.S. grain merchant unit Gavilon in the year to March 2017, up from 5.4 billion yen a year earlier, helped by restructuring, its president Fumiya Kokubu said on Tuesday.
“Our assumption prices are lower than the current prices,” he told an earnings news conference, without [...]
Cargo activity at the Port of Longview fell 22 percent last year, dragged down by falling log and grain exports, port officials said this week.
Higher-than-expected expenses dented profits. Administrative costs exceeded projections by 23 percent, according to report from port CFO Peggy Van Horn. That primarily was the result of $375,364 in un-budgeted legal [...]
From an article titled ”3 Gavilon executives are out; parent company’s disappointed CEO had promised ‘dramatic measures”’ in the Omaha World-Herald:
The Omaha-based commodities company Gavilon said Friday that its chief executive, chief operating officer and head of its North American grain division are gone and the new CEO will start working for the [...]
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 [...]
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