News
El Nino is Fading Fast
Published Today
Long-range forecasts are leaning towards a drier summer. "Some of that has to do with the transition from El Nino to La Nina which is happening as we speak," said Brad Rippey, USDA meteorologist. "El Nino is fading fast and…Quarterly Financials Released by AGCO
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AGCO is reporting fiscal year 2024 first-quarter net income of $168 million on net sales of $2.9 billion. Net income is down 27 percent year-over-year. Net sales are down 12 percent from the first quarter of 2023. North American net…Biotech Wheat on the Way
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Biotechnology and gene-editing are seen as a way to deliver high-yield stability to the wheat business. U.S. Wheat Associates Director of Trade Policy Peter Laudeman said this technology is on the horizon. "You've got this company out of Argentina, Bioceres that's…Welcome Moisture
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The southern Red River Valley is going through its wettest spring in years. Keith Alverson, who farms at Chester, South Dakota, is happy with the moisture. "For the first time since 2019 we're gonna go into the planting season with…Quarterly Financials Released by ADM
Published Today
Archer Daniels Midland is reporting fiscal year 2024 first-quarter earnings of $1.3 billion. That is down 24 percent from the first quarter of 2023. ADM’s Ag Services and Oilseeds segment is reporting an operating profit of $864 million during the…CF Earnings Drop 65%
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The fertilizer company, CF Industries, had first-quarter net earnings of $194 million. One year ago, CF had first-quarter net earnings of $560 million. The severe cold in January and some unplanned maintenance were a disruption this past quarter. Sales volumes…Net Income Drops 17% for CNH Industrial
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CNH Industrial reports net income of $402 million in the first quarter. That compares to $486 million in the same quarter last year. In North America, the lower horsepower tractor sales volumes were down 15 percent. The sales for tractors…Corteva Net Income Declines
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Corteva's net income was down 30 percent in its most recent quarter, dropping to $419 million. Overall sales were down eight percent. Net sales declined 20 percent in crop protection and grew two percent in seed.Syngenta Sales Down 20% in First Quarter
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The Syngenta Group had first-quarter sales of $7.4 billion, down $1.8 billion from the first quarter of 2023. Sales have continued to be impacted by destocking in the crop protection sector as distributors and retailers further reduced inventories. Crop Protection…