Ag Business Articles
Argentine Crush Plummets, Creates Opportunity for U.S. Processors
Published October 25, 2023
During a recap of the company’s third quarter financials, ADM CEO Juan Luciano said Argentina will likely run out of soybeans to crush next month. At that same time, the Green Bison Soy Processing Plant at Spiritwood, North Dakota will…Solutions to Move Agriculture & Food Industry Forward
Published October 25, 2023
The Minnesota Ag and Food Summit will be held November 9 in Minneapolis. "Our program committee, our board and our members really wanted to emphasize that agriculture and food is and can be the solution to so many issues facing our…Vilsack Announces $2.3 Billion Trade Investment
Published October 24, 2023
USDA Ag Secretary Tom Vilsack announced a $2.3 billion investment to boost trade promotion and fund a regional agricultural promotion program meant to diversity export markets for U.S. ag products. Vilsack says with so much uncertainty in Congress, this will…Ceres Settles Charges of Market Manipulation
Published October 24, 2023
Ceres Global Ag Corporation is paying the Commodity Futures Trading Commission $3 million to settle allegations of price manipulation in the oats market. The allegation stems from an attempt in 2016 and 2017 to influence the oats market. The Minneapolis-based…China Inks Purchase Agreements With U.S. Ag Companies
Published October 24, 2023
For the first time since 2017, China has signed purchase agreements to buy U.S. farm commodities. The non-binding contracts were signed at the China-U.S. Sustainable Agricultural Trade Forum in Des Moines. Eleven grain companies, including ADM, Cargill and Bunge, signed…ADM 3Q Financials Released
Published October 24, 2023
Archer Daniels Midland reports third quarter profits of $821 million. That’s down from revenues of $1 billion in the same quarter one year ago. ADM officials blame low grain prices and poor exports for the downturn.New USDA Report Released on Carbon Markets
Published October 24, 2023
USDA Undersecretary for Farm Production and Conservation Robert Bonnie said demand is growing within the carbon market. "You see a lot of the interest from companies that buy commodities in creating their supply chain (and) you see producer groups, whether…Region Well Represented Among Wheat Yield Contest Winners
Published October 24, 2023
The National Wheat Yield Contest winners have been announced. Brad Disrud of Rolla, North Dakota won the Bin Buster category for dryland spring wheat. Disrud’s crop came in just shy of 130 bushels per acre with WestBred 9590. John Wesolowski…Yara 3Q Profits Decline
Published October 24, 2023
The fertilizer company, Yara, had third-quarter net income of $2 million. That compares to $402 million one year ago. Company officials said prices are down significantly from last year. Global instability is being blamed.