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Cargill quarterly profit dives 41% on trade tensions, U.S. floods

4 days ago DieselGasoil Comments Off on Cargill quarterly profit dives 41% on trade tensions, U.S. floods
CHICAGO (Reuters) – Global commodities trader Cargill Inc reported a 41% drop in adjusted quarterly profit on Thursday, citing supply disruptions stemming from the U.S.-China trade war and also flooding in the central United States that hit marketing and transportation of grains and livestock. FILE PHOTO: A Cargill logo is pictured on the Provimi Read More

Cargill fourth-quarter profit dives 41% on trade tensions, U.S. floods

4 days ago DieselGasoil Comments Off on Cargill fourth-quarter profit dives 41% on trade tensions, U.S. floods
CHICAGO (Reuters) – Commodities trader Cargill Inc reported a 41% slump in adjusted quarterly profit on Thursday, citing supply disruptions stemming from the U.S.-China trade war and also flooding in the central United States that hit marketing and transportation of grains. FILE PHOTO: A Cargill logo is pictured on the Provimi Kliba and Protector Read More

Wall Street banks bailing on troubled U.S. farm sector

4 days ago DieselGasoil Comments Off on Wall Street banks bailing on troubled U.S. farm sector
CHICAGO/WASHINGTON (Reuters) – In the wake of the U.S. housing meltdown of the late 2000s, JPMorgan Chase & Co hunted for new ways to expand its loan business beyond the troubled mortgage sector. A dairy cow is seen grazing at the family farm, God Green Acres in Mayville, Wisconsin, U.S., June 24, 2019. Picture taken Read More

U.S. Midwest floods to weigh on diesel (gasoil) demand in fall harvest season

5 days ago DieselGasoil Comments Off on U.S. Midwest floods to weigh on diesel (gasoil) demand in fall harvest season
PUTNAM COUNTY, Ill. (Reuters) – A disappointing planting season due to massive flooding in the U.S. Midwest this spring is expected to have spillover effects on diesel (gasoil) demand during harvest season, analysts and traders said. FILE PHOTO: Puddles are seen in farm fields as heavy rains caused unprecedented delays in U.S. corn planting this Read More

Major grain traders face one-two punch from U.S. floods, trade war

5 days ago DieselGasoil Comments Off on Major grain traders face one-two punch from U.S. floods, trade war
CHICAGO (Reuters) – Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland Co (ADM.N) and Bunge Ltd (BG.N) for a second straight quarter, adding to headwinds from a still-unresolved U.S.-China trade war, analysts and economists said. Water stands next to a field of crops near Putnam County, Illinois, U.S. July Read More

After brutal spring floods, U.S. farmers face big losses

2 weeks ago DieselGasoil Comments Off on After brutal spring floods, U.S. farmers face big losses
DARKE COUNTY, Ohio (Thomson Reuters Foundation) – The planting season ended more than a month ago, but much of 39-year-old Greg McGlinch’s 450-acre farm in Darke County, Ohio, is either under water or still saturated from record spring rains. Together with his father, McGlinch, a fifth-generation crop farmer, planted 120 acres of corn this year Read More

India’s monsoon rain below average for fifth straight week

2 weeks ago DieselGasoil Comments Off on India’s monsoon rain below average for fifth straight week
A man rides a motorcycle through a water-logged street during heavy rains in Mumbai, India, July 1, 2019. REUTERS/Francis Mascarenhas MUMBAI (Reuters) – India’s monsoon rains in the week ending on Wednesday were below average for the fifth time in a row, although the deficit was the lowest since the start of the season, after Read More

U.S. trade, services industry data point to slowing economy

2 weeks ago DieselGasoil Comments Off on U.S. trade, services industry data point to slowing economy
WASHINGTON (Reuters) – The U.S. trade deficit jumped to a five-month high in May as imports of goods increased, likely as businesses restocked ahead of an increase in tariffs on Chinese merchandise, overshadowing a broad rise in exports. FILE PHOTO: Ships and shipping containers are pictured at the port of Long Beach in Long Beach, Read More

U.S. trade deficit at five-month high; labor market slowing

2 weeks ago DieselGasoil Comments Off on U.S. trade deficit at five-month high; labor market slowing
WASHINGTON (Reuters) – The U.S. trade deficit jumped to a five-month high in May as imports of goods increased, likely as businesses restocked ahead of an increase in tariffs on Chinese merchandise, overshadowing a broad rise in exports. FILE PHOTO: Ships and shipping containers are pictured at the port of Long Beach in Long Beach, Read More

Locked out of China, U.S. pork producers sniff out new buyers

2 weeks ago DieselGasoil Comments Off on Locked out of China, U.S. pork producers sniff out new buyers
CHICAGO (Reuters) – U.S. hog farmers lost hundreds of millions of dollars in export sales to China and Mexico after President Donald Trump launched his trade wars last year. FILE PHOTO: Young pigs feed in a pen at a hog farm in Ryan, Iowa, U.S., May 18, 2019. REUTERS/Ben Brewer/File Photo But the sector has Read More