Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

Kalama Export dockworkers rally for better benefits

ILWU Local 21 members were joined by longshoremen from West Coast ports at KEX. Photo by JJ Burkey, ILWU Local 21 member

Excerpts from The Daily News:

Wearing orange shirts with slogans calling for “equal benefits,” about 300 longshoremen marched at the Port of Kalama Wednesday to draw attention to stalled labor talks […]

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ILWU members from West Coast ports travel to support Kalama Export workers

ILWU members from West Coast ports from Seattle to Los Angeles convened on Nov. 8, 2017, to support workers at Kalama Export Company who are receiving substandard benefits while all other eight Northwest grain export elevators meet the industry standard. Photo by ILWU Local 21 longshoreman J.J. Burkey

Kalama Export is the only grain […]

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Bunge share price rallies amid merger talks

From the Western Producer:

Shares of Bunge Ltd rose to a 22 month peak May 24 after merger overtures by Glencore Plc.’s agriculture unit, which owns Viterra in Canada, whetted investors’ appetite for consolidation in the commodities sector.

News that Glencore Agriculture Ltd., jointly owned by Glencore and two Canadian pension funds, approached Bunge sparked […]

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All eyes on ADM and Bunge after Cargill profit jumps 20 pct

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 […]

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Louis Dreyfus H1 profit halved by commodities downturn

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 […]

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Bunge boss of two years faces pressure to improve results

A $201 million deal for Bunge Ltd to take control of Canadian grain handler CWB is set to shake up wheat sales in Manitoba and Saskatchewan but may not help the head of the agribusiness firm in his drive to boost profits.

The transaction was announced on Wednesday as Bunge Chief Executive Soren Schroder, 53, […]

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Louis Dreyfus Commodities has no plans for an IPO, majority owner says

Privately held agricultural commodities trader Louis Dreyfus Commodities has no plans for an initial public offering (IPO), according to its largest stakeholder. Instead, Margarita Louis Dreyfus, whose family lends its name to the company, intends to increase her stake to 80% after the trading house posted a modest uptick in corporate fortunes.

Net profit for […]

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More U.S. grain elevators accept GMO Syngenta corn banned by China

The number of U.S. grain elevators, mills and feedlots that will buy a type of biotech corn banned by China has more than doubled since July, indicating growing domestic acceptance for a product seen as a potential risk to international trade.

The announcement, coming just before the start of the planting season, is aimed at […]

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U.S. grain farmers resort to giant storage bags to avoid cheap sales

The grain storage bags, which are about 300-foot (91-m) long and 10 feet in diameter, are common on the Argentine Pampas but until recently a rare sight in the U.S. Midwest, where the expansion of big elevators and 50-foot high silos has generally kept pace with ever-expanding crops. REUTERS/Loftness Specialized Equipment/Handout

As U.S. farmers turn […]

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Cargill earnings hit by commodity market disruptions; others to report soon

Cargill Inc said that its quarterly earnings fell 28 percent, making it one of the largest companies yet to demonstrate how big commodity market disruptions this year have hurt its bottom line.

Minneapolis-based Cargill, a top global commodities trader, was hit by a triple-whammy of unexpected events, including a surge in energy prices in January, […]

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U.S. farmers sow GMO corn banned from China markets

Exporters and farmers going in two different directions on GMO corn underscores a new set of challenges faced by international agricultural commodity traders.

Archer-Daniels-Midland Co. and Bunge Ltd., two of the world’s largest grain traders, are facing a new obstacle in their quest to expand corn exports to China — U.S. farmers.

Six months after […]

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Louis Dreyfus’ profits slide on fallout from US drought

Global trading group Louis Dreyfus Commodities B.V. posted a sharp drop in net profit for 2013 after a U.S. drought disrupted grain markets and as sugar and other soft commodities were hit by oversupply.

Net income for the full year fell to $640 million from a record $970 million in 2012, the group said in […]

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ADM, Bunge say Ukraine operations normal; monitoring situation

Bunge Ltd and Archer Daniels Midland Co, two of the world’s top agricultural trading houses, said recently that political tensions in Ukraine, a major grain exporter, were not affecting operations but that they were monitoring the unrest.

“We have not seen any significant impact to business and continue to monitor the situation,” ADM said in […]

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Portland expects rebound in 2014

From Progressive Railroading:

“While tonnage was down slightly for the calendar year, the port finished 2013 with one of the highest volume months in recent history with 1.3 million tons handled in December and posted fiscal-year gains at the halfway point that bode well for the year ahead,” Port of Portland officials said in a […]

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Cargill monitoring unrest in Ukraine as insurgency intensifies

Cargill Inc. is monitoring the unrest in Ukraine, the world’s third-largest corn exporter, as an antigovernment insurgency intensifies.

Cargill’s grain-export operations haven’t been affected, its Kiev office remains open and no employees have been directly affected by the unrest, spokeswoman Corinne Holtshausen said yesterday in an e-mail. The Minneapolis-based crop trader and processor, the largest […]

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