Renewables, Trade segments boost The Andersons earnings
Strong renewables production and improved results in the Trade segment boosted The Andersons net income attributable to the company to $27 million, equal to 80¢ per share on the common stock, for the third quarter ended Sept. 30, up from $9.7 million, or 28¢ per share, in the same quarter a year earlier. “Overall, we...
US grain exports in all forms increase 26%
Exports of US grains in all forms increased by 26% to 109.4 million tonnes in the 2023-24 marketing year, according to data released by the US Department of Agriculture (USDA). The exports, valued at $48 billion, were bolstered by a record 1.75 billion gallons of ethanol sold internationally and a single-market record 23.4 million tonnes...
Drought stymies Brazilian grain shipments
A severe drought in northern Brazil has significantly lowered water levels on the Tapajos waterway, halting grain shipments. Brazilian port terminal group Amport, which represents firms such as Cargill and Louis Dreyfus, told Reuters that navigation of barge convoys carrying grains in the Tapajos has been halted since Oct. 4, and is expected to resume in November if...
Egypt expected to produce more wheat in 2024-25
According to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture, Egypt is expected to produce more wheat in 2024-25 as the government encourages an increased planted area and higher yields. Production is estimated at 9.2 million tonnes, up from 8.87 million a year earlier. The FAS said that High...
Grains and oilseeds powerhouse
The presence of two of the world’s most important agricultural producers and exporters — Brazil and Argentina — makes South America a powerhouse of world grains and oilseeds production and trade. The two make the region the leader in world soybean production, also producing large crops of maize (corn) and a significant tonnage of wheat....
Brazil’s grain production dips in 2023-24
Grain production in Brazil is estimated at 298.41 million tonnes for the 2023-24 marketing year, a drop of 21.4 million tonnes compared to the previous year, according to Conab, the country’s food supply and statistics agency. This would still be the second largest crop in the survey’s history. In its 12th Grain Harvest Survey for 2023-24...
US confined space incidents decrease in 2023
According to researchers at Purdue University, the number of documented agricultural confined space incidents in the United States decreased 34% in 2023 compared to the previous year. The total was also down from the five-year and 10-year average. Purdue University’s Agricultural and Biological Engineering Department has documented and investigated incidents involving grain storage and handling...
Future looks bright for pulses
High in protein and fiber and relatively inexpensive compared to meat, pulses are gaining favor among global consumers. And because of their natural soil-enhancing and greenhouse gas-absorbing properties, pulses also rank high among crops from a sustainability standpoint. In a recent report, Rabobank identified pulses as a crop that “creates opportunities for new and existing market players.”...
Corn futures dip to four-year lows
The bulls seem to have abandoned corn futures and are giving few indications they expect to return anytime soon. On Monday, Aug. 26, the CME Group September and December contracts sank to their lowest levels since October 2020, with the spot month down 23% from a year ago and the contract falling 26% since the...
Cargill earns two BIG Sustainability Awards
Business Intelligence Group (BIG) has named Cargill the winner of a pair of 2024 BIG Sustainability Awards in recognition of the company’s global efforts within the agriculture and food value chains. Cargill was the recipient of both the Sustainability Leadership Award and Sustainability Initiative of the Year Award for its Hatching Hope program. These BIG...