News

Back in 2012, grain analyst Richard Brock projected a top in the corn market and the beginning of a long, drawn-out decline to a bear market. Since then, corn futures have declined from around $7 a bushel to close to $4.

Brock will discuss what the future holds after the bull ride at the 2015 Agricultural Economic Symposium, to be held Feb. 15-17 at the Sandestin Golf and Beach Resort, in Destin, Fla. Hotel reservations can be made by calling 877-622-3056.

Brock, ...

PRINCE RUPERT, BRITISH COLUMBIA, CANADA — Volumes reached record heights in 2014 at more than half of the Port of Prince Rupert’s cargo terminals, according to year-end statistics released on Jan. 9 by the Prince Rupert Port Authority.

Container, grain and biofuel shipments surged over a 12-month period, while overall port volumes were tempered by decreases in coal and log exports.

“The record-breaking performance of specific terminals demonstrates the value of building a diversified port complex,” said Don Krusel, president and chief ...

WASHINGTON, D.C., U.S. — More than 25 U.S. food and agriculture companies and associations have formed a coalition that seeks to end the U.S. embargo on Cuba and advance trade relations between the nations.

The U.S. Agriculture Coalition for Cuba (USACC) was publicly launched on Jan. 8 in Washington, D.C., U.S. This comes on the heels of President Barack Obama announcing on Dec. 17 that the U.S. would begin discussions to renew diplomatic relations with Cuba.

The coalition will be led by ...

MINNEAPOLIS, MINNESOTA, U.S. — Cargill reported on Jan. 8 net earnings of $784 million in the fiscal 2015 second quarter ended Nov. 30, up 41% from $556 million in the year-ago period.

First-half earnings were $1.21 billion, a 7% increase from $1.13 billion a year ago. Second-quarter revenues decreased 8% to $30.3 billion, which brought first-half revenues to $63.6 billion.

“With first-rate performance in our agricultural, animal nutrition and meat businesses, Cargill posted strong results, outpacing recent quarters by a good margin,” ...

ROLLE, SWITZERLAND — Archer Daniels Midland Co. (ADM) and Unilever have signed a joint business development plan that should grow ADM’s relationship as an oils and fats supplier to Unilever in Europe, North America and Africa. The plan sets measurable goals around volume, new product development, growth, innovation and sustainability.

“ADM’s end-to-end value chain allows us control of our product flow in ways that few in the industry can offer,” said Matt Jansen, senior vice-president and president, Oilseeds for Chicago, Illinois, ...

Haiti welcomes the 18th annual meeting of the flour industry

The opening ceremony of the 18th annual meeting of the Association of the industrial mills in the Caribbean, the Caribbean Miller’s Association, took place this Tuesday, December 2, 2014, at the hotel Karibe, under the auspices of the mills of Haiti SEM.  During 48 h, the delegates of the different mills and related industries in the region will discuss and exchange around the topic “maintain affordable flour”.  James Marks said that ...