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Top Story: Page 7
Grain Trade & Export
Mixed results in US agricultural exports
While wheat and corn sales saw declines, rice and soybeans reported increases.
Brand Insights
Setting the Agricultural Industry in Motion
SEW-EURODRIVE, Inc.
Learn about the more commonly used drive solutions from SEW-EURODRIVE for the agriculture industry that help keep the most demanding processes up and running without missing a beat.
Safety
Lightning strike ignites fire at Fontana, Kansas, grain elevator
Fire resulted in $500,000 worth of damage and the eventual collapse of the structure.
Grain Handling & Processing
USDA reports varied trends in oilseed and grain crushing
March 2024 oilseed and grain crushings report, revealing mixed results across key agricultural commodities.
Company News
ADM reports decline in Q1 2024 earnings
The decline, influenced by challenging global market conditions in crop protection and grains, also saw a significant drop in earnings per share.
Initiatives
IRS issues guidelines for Sustainable Aviation Fuel Credit
This credit offers $1.25 per gallon for SAF blends that achieve at least a 50% reduction in greenhouse gas emissions.
Mergers & Acquisitions
Canadian agricultural groups come out against Bunge-Viterra merger
A University of Saskatchewan study, supported by these groups, predicts that the merger could drastically reduce competition and incomes.
Company News
Syngenta reports sharp decline in Q1 2024 sales and earnings
The decline was primarily due to industry-wide destocking in Crop Protection and challenging market conditions.
Grain Trade & Export
Weekly agricultural export report shows mixed results
Wheat exports dropped slightly, while corn sales surged to a marketing-year high, primarily driven by strong demand from Mexico, South Korea and Japan.
Grain Milling
US sorghum maintains perfect score in damage assessment
USGC’s 2023/24 Sorghum Quality Report reveals No. 1 certification grade for the fifth consecutive year.
Mergers & Acquisitions
Canada raises concerns over Bunge’s acquisition of Viterra
The Competition Bureau of Canada cited potential anti-competitive impacts in grain and canola oil markets.
Grain Elevators
The city of Broken Arrow acquires historic grain elevator
City officials celebrated the acquisition as a major step in preserving the iconic structure for future generations.
Animal Feed Manufacturing
US cattle on feed increases slightly
Report shows a notable 12% drop in new placements and a 14% decrease in cattle marketings compared to the previous year
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