News

Luciano: ADM focused on ‘strengthening and growing’

CHICAGO, ILLINOIS, U.S. — Despite a 26% decline in earnings and 9% dip in sales during the second quarter of fiscal 2016, Archer Daniels Midland Co.’s (ADM) top executive reflected on several successes during the quarter while offering an outlook for better opportunities over the second half of the year.

 

In the company’s Ag Services segment, ADM started operations at its Medsofts joint venture in Egypt during the second quarter, a move Juan Luciano, chairman and chief executive officer, said ...

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Buhler, KSU offer executive milling course

MANHATTAN, KANSAS, U.S. — Bühler and Kansas State University (KSU) are offering an executive milling course Nov. 14-18 at KSU in Manhattan, Kansas, U.S.

The course will focus on understanding the underlying principle of the milling process and the parameters that can be influenced by either the raw material or the milling system.

Registration deadline is Oct. 14.

For more information on the course or to register, click here.

 

 

Source: World Grain

 

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Buhler to host networking days

UZWIL, SWTZERLAND —Bühler will host networking days in Uzwil, Switzerland, Aug. 22-24. During Bühler Networking Days, technology and market trends, challenges and solutions that will transform the industry will be the focus of discussions and presentations. Bühler will showcase its latest solutions portfolio in an exhibition covering 1,800 square meters, featuring more than 30 innovations.

“As the leader of the industry, we are bringing together the key players in the grain value chain at the Bühler Networking Days,” said Johannes Wick, ...

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Wheat harvest in southern Kansas gets under way

KANSAS CITY, MISSOURI, U.S. — Harvest is officially under way in Kansas, U.S., the top hard red winter wheat producing state, said the Kansas Wheat Commission, ahead of last year’s pace.

Combining started earlier this week in the Arkansas City, Kansas, U.S., area, in the extreme south-central part of the state. Based on about 200,000 bushels that were harvested this week, farmers reported yields of between 40 bushels and 50 bushels an acre, higher than last year’s output, with test weights ...

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ADM expanding feed capabilities

DECATUR, ILLINOIS, U.S. — Archer Daniels Midland Co. (ADM) on June 1 celebrated the opening of its new, high-tech feed facility in Glencoe, Minnesota, U.S. The company also announced that it is investing to expand and modernize its pet food and specialty livestock feed operations in Effingham, Illinois, U.S.

“We are continuing to expand our capabilities to meet the needs of animal nutrition customers around the globe,” said Brent Fenton, president of ADM Animal Nutrition. “With these new plants, we will ...

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ADM purchases corn wet mill in Morocco

CASABLANCA, MOROCCO — Archer Daniels Midland Co. (ADM) announced on June 1 that it has completed the acquisition of a Casablanca, Morocco-based corn wet mill from Tate & Lyle that produces glucose and native starch.

“We continue to anticipate growing demand from Moroccan customers in the food, feed, paper and corrugated board industries, and we look forward to working with them to meet their needs,” said Chris Cuddy, president of ADM’s Corn Processing business unit. “We are excited to show customers ...

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FAO: Haiti’s cereal production decreases

PORT-AU-PRINCE, HAITI — The Food and Agriculture Organization of the United Nations (FAO) estimated Haiti’s 2015 cereal production at 353,000 tonnes, down 4% from the 2014 drought-reduced level and significantly below the five-year average, according to a Dec. 30 GIEWS Country Brief from the FAO.

This is the result of the severe and prolonged dry weather associated with the prevailing strong El Niño. Most of the decline concerns maize and rice. Preliminary official estimates point to a reduction in the area ...

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Cargill sees gains in grain, oil seeds processing

MINNEAPOLIS, MINNESOTA, U.S. — Net earnings at Cargill in the second quarter ended Nov. 30, totaled $1.39 billion, up from $784 million in the same period a year ago. Meanwhile, adjusted operating earnings in the second quarter were $574 million, down 13% from $657 million in the same period a year ago.

For the first half, net earnings on a U.S. GAAP basis were $1.9 billion, up from $1.21 billion, while adjusted operating earnings were $1.19 billion, down 7% from the ...

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Major crop losses in Central America due to El Niño

ROME, ITALY — Prolonged dry weather associated with the El Niño phenomenon has severely reduced this year’s cereal outputs in El Salvador, Guatemala, Honduras and Nicaragua, putting a large numbers of farmers in need of agricultural assistance as the subregion tries to recover amidst ongoing dryness, the Food and Agriculture Organization of the United Nations (FAO) said on Sept. 14.

This is the second consecutive year that the region’s main season cereal harvest has been negatively affected by severe dry weather ...

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Russia affected by wheat export tax

NEW YORK CITY, NEW YORK, U.S. — Russian Farmers are reaping one of their biggest harvests. On top of that, a slump in the ruble that’s hurting domestic businesses should be a boon for exports as many costs shrink in dollar terms, Bloomberg reported on Sept 1.

Instead, shipments of wheat abroad are seen down by a quarter for August.

For that, the industry can thank President Vladimir Putin’s efforts to restrain prices of staples such as bread as Russians suffer collapsing ...

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