agriculture News Updates

Business, Private

Cargill Revenue Down as Trader Struggles With Profit Targets

Cargill Inc. took a revenue hit of almost 10% in its most recent fiscal year, a decline that comes amid signs of profit struggles at the world’s biggest crop trader.

August 13, 2024
Government, Business, Safety, Logistics

Port Houston Gets USDA OK to Directly Handle Cold Treatment Cargo

The U.S. Department of Agriculture has granted authority to Port Houston to handle cold treatment cargo, creating an opportunity for drayage companies in the region.

August 1, 2024
Business, Private

ADM Taps 3M CFO as Troubled Trader Seeks Return to Normalcy

Archer-Daniels-Midland Co. — working to put an accounting scandal behind it — has hired a 3M Co. executive to oversee its finances and help restore its credibility with shareholders.

July 10, 2024
Business, Private

ADM Shares Fall as CEO Cites Transition From Boom Years

Archer-Daniels-Midland Co.’s shares slumped as the agribusiness giant warned of pressured margins for the remainder of the year, even as quarterly earnings beat estimates.

April 30, 2024
Government, Business, Logistics

Canada to Raise Capacity at Port of Thunder Bay

Canada is investing C$6.7 million from its National Trade Corridors Fund on two projects to improve and increase capacity at the Port of Thunder Bay, a key grain transport hub.

March 18, 2024
Government, Business, Logistics

China Cancels Another Shipment of US Wheat

China canceled another batch of U.S. wheat export shipments, adding to an already record number of cancellations that have weighed on Chicago futures.

March 11, 2024
Government, Business, Logistics, Private

Canada to Invest in Revamp of Port Windsor Grain Terminal

Canada is investing up to $26.3 million to improve multimodal operations in Port Windsor in Ontario at a key grain terminal operated by U.S.-based Archer Daniels Midland Co. that handles corn, soya and canola.

February 27, 2024
Government, Business, Fuel

Biden Grants Gas Policy Shift to Boost Ethanol in Corn Belt

The Biden administration granted a fuel policy change designed to boost sales of corn-based ethanol, but delayed the shift until 2025 to prevent gasoline price spikes this summer.

February 22, 2024
Government, Technology, Safety

Senators Introduce Cybersecurity Agriculture Bill

Legislation meant to enhance cybersecurity in the agriculture sector was recently introduced by a bipartisan group of senators.

January 30, 2024
Government, Business, Fuel

USDA Awards $8.8 Million in Grants to Expand Biodiesel Sales

Nearly half of $18.89 million in U.S. Department of Agriculture biofuel grants recently awarded to 22 states will be funneled to projects that increase biodiesel storage, distribution and dispensing.

January 22, 2024