Archive for November 19th, 2021

IGC: wheat stocks continue to tighten

LONDON, ENGLAND — Global wheat stocks continue to tighten as the International Grains Council (IGC) released its latest Grain Market Review report on Nov. 18 that showed production falling by 4 million tonnes and carryover stocks declining by 2 million tonnes since last month’s estimates.

The IGC said the wheat production forecast was lowered to 777 million tonnes, mainly because of a sharp reduction in output in Iran as well as downgrades in Kazakhstan, Algeria and the European Union. Iran’s decline ...

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19
NOV
2021

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ADM, FBN announce expanded partnership

CHICAGO, ILLINOIS, US and SAN CARLOS, CALIFORNIA, US – Archer Daniels Midland (ADM) and Farmers Business Network (FBN) on Nov. 18 announced that ADM has made an equity investment as part of FBN’s latest capital funding raise, and that the companies have signed a letter of intent to expand their existing relationship through a wide range of potential future areas of cooperation.

The companies said the partnership combines ADM’s scale and expertise across the global food and agriculture value chain with ...

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19
NOV
2021

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