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...Earthworm now works with 30 major suppliers in Europe that provide agricultural products like grains, oil seeds, potatoes and sugar beet to different food brands....
...It is the biggest reshaping of the top tier of agricultural commodities since Cargill, long the biggest of the pack, bought the grain assets of Continental in 1999....
...Cargill and Continental Grain did not immediately respond to requests for comment....
...Cargill and Continental Grain will control the newly combined company through a joint venture owned in equal parts, said people briefed on the matter....
...and Continental Grain buy Sanderson Farms for $4.53bn (FT) Prosecutors drop Wirecard insider trading probe into ex-Deutsche board member (FT) Early Lordstown Motors investor workhorse group sold most...
...Norway’s Grieg Seafood has issued bonds worth NKr1bn ($105m) with an unusual condition: that the proceeds do not find their way to Cargill, the US grains trader that has been accused of failing to protect...
...The most recent results were aided by Cargill’s position as a meat supplier, a business that sets it apart from other grain trading houses....
...Unlike most rivals that focus on handling grain, Cargill also operates plants that slaughter and cut beef, chicken and turkey....
...Cargill’s $62bn in assets include grain silos, bulk vessel fleets and food processing plants....
...Earnings from Cargill’s huge grain and oilseeds trading business were down from an exceptionally strong fourth quarter a year ago....
...Cargill is a leading grain trader, shipping corn and soyabeans around the world, but the privately-owned Minnesota based company is also a leading supplier of meat, including beef and poultry....
...Cargill has tapped a new leader for its global grain trading business as longtime executive Gert-Jan van den Akker prepares to retire from the agricultural commodities company....
...Fewer pigs translates into less demand for animal feed made from the soyabeans and grains sold by merchants such as Cargill....
...“Grain exports from the US and Canada, and biodiesel production in Europe also contributed to the strong quarter” for the division, the company said....
...Cargill, the world’s largest food commodities dealer, reported a nominal decrease in adjusted quarterly earnings, as weaker results in three of its divisions offset a jump in profit in its main grain trading...
...Rivals Archer Daniels Midland, Bunge, Cargill, and Louis Dreyfus Company, which move millions of tonnes of grains, soyabeans and sugar in a cut throat world of agricultural trading, announced that they wanted...
...Slack global grain markets have made trading difficult for the past several years, but Cargill said volatility following the recent drought in grain exporter Argentina helped the segment report the best...
...Producers are reluctant to transport grain without certainty on the outcome of the court dispute over minimum prices, while traders are afraid of placing bets on future grain shipments without knowing what...
...Cargill, the world’s largest food commodities supplier, reported lower profits in its latest quarter as overflowing crops continued to weigh on its grain trading business....
...Long-established methods of making money through grain sales are “over”, a senior executive at Cargill has said, declaring a lasting shift has taken place in agricultural commodities markets....
...The impact of ballooning grain inventories and low crop prices meanwhile affected Monsanto, the agrochemical group whose $66bn takeover by German chemicals company Bayer is in the process of clearing regulatory...
...The bulk of ADM’s assets are in the US, where its 471m bushels in grain storage capacity leads the industry....
...Syngenta was also sued by farmers and Cargill, an ADM competitor. The farmers reached a $1.5bn settlement with Syngenta last September. The Cargill case is set for trial this September, Syngenta said....
...Cargill, the international agricultural trading house, has bought US feed additives group Diamond V as it builds its animal nutrition business....
...Cargill, the world’s biggest agricultural commodities company, reported a modest improvement in quarterly results as strong sales in its beef business were offset by weaker results in grain trading....
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