News

WASHINGTON, D.C., U.S. — Speaking at the Chicago Council on Global Affairs Global Food Security Symposium on April 16, Cargill Executive Chairman Greg Page urged attendees to be mindful of four principles that can help ensure all people have access to safe, affordable and nutritious food.

SASKATOON, SASKATCHEWAN — Canadian Agriculture Minister Gerry Ritz on April 14 announced an investment of C$1.4 million under Growing Forward 2 for two projects being led by the Canada Grains Council (CGC) to help the grain industry demonstrate its compliance with global sustainability requirements and expand its access to international markets.

“Canada’s grain industry is an important driver of the economy here in Saskatchewan and across Canada,” Ritz said. “With production on the rise, our government is proud to be able ...

MINNEAPOLIS, MINNESOTA, U.S. — Cargill reported on April 9 net earnings of $425 million in the fiscal 2015 third quarter ended Feb. 28, 2015, a 33% increase from $319 million in the year-ago period.

Through nine months, the company earned $1.63 billion, up 13% from last year. Revenues in the third quarter decreased 11% to $28.4 billion. Nine-month revenues totaled $91.97 billion.

“Cargill’s results were led by strong performance in our global group of meat and animal nutrition businesses,” said David MacLennan, ...

WASHINGTON, D.C., U.S. — U.S. wheat stored in all positions on March 1 totaled 1,124,398,000 bushels, up 6% from 1,056,965,000 bushels on March 1, 2014, the U.S. Department of Agriculture (USDA) said in its March 31 Grain Stocks report.

On-farm stocks of wheat were 278,710,000 bushels, up 17% from 237,530,000 bushels a year ago, while off-farm stocks were 845,688,000 bushels, up 3% from 819,435,000 bushels in 2014. Indicated disappearance of wheat during the December 2014-February 2015 period was 405 million bushels, ...

CHICAGO, ILLINOIS, U.S. — To drive further improvements in returns and accelerate the company’s growth strategy, Archer Daniels Midland Company (ADM) announced on March 27 five management appointments in its Corn business unit.

Earlier this month, new Chief Executive Officer Juan Luciano created new management teams in Asia and North America.

With the most recent announcement, Craig Willis, a 23-year company veteran, has been named president, Ethanol. He had been a vice-president of the business since 2011. Prior to joining the Ethanol ...