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Frmr Viterra CEO leaves Agrium board to become CEO of Louis Dreyfus Commodities
2014-12-23 07:47:31| Chemicals - Topix.net
Mayo Schmidt - a former head of the Saskatchewan Wheat Pool and its successor Viterra Corp. - has stepped down from the board of Agrium Inc. . Agrium said Monday that Schmidt was making the move as a result of his appointment as chief executive of Louis Dreyfus Commodities, a seller and trader of agricultural commodities.
Milk Glut Spurs Slump in Win for U.S. Butter Eaters: Commodities
2014-12-12 04:20:55| Food - Topix.net
Milk is flowing like never before in the U.S., where dairies have expanded output enough to send wholesale prices plunging from an all-time high in September. Production in the 12 months through October reached 17.08 billion pounds a month on average, up 1.8 percent from the same period a year earlier, as farmers took advantage of high milk prices and low livestock-feed costs, government data show.
Tags: win
milk
butter
commodities
U.S. Stocks Rise to Records as Commodities Producers Gain
2014-12-04 03:41:37| Beverages - Topix.net
U.S. stocks rose, sending the Standard & Poor's 500 Index to an all-time high, as industrial and commodity shares rallied while data boosted confidence in the economy before Friday's jobs report. Energy companies in the S&P 500 climbed 1.2 percent for a third straight advance as Cimarex Energy Co.
Tags: records
gain
rise
stocks
ADM acquires PE-backed Specialty Commodities
2014-12-02 07:08:41| Agriculture - Topix.net
Deloitte Corporate Finance LLC acted as the exclusive financial advisor to Specialty Commodities, Inc. , a portfolio company of Goldner Hawn Johnson & Morrison, Inc. , in its sale to Archer Daniels Midland Company . SCI is a leading originator, processor and distributor of specialty ingredients, including natural and organic nuts, fruits, seeds, legumes, and ancient grains.
Tags: specialty
commodities
adm
acquires
Shorting Chickens Becomes Hot Trade in Stock Market: Commodities
2014-11-26 14:32:12| Food - Topix.net
With no futures market to speculate on chicken-price movements, they're turning to the equity market, borrowing record amounts of shares of two U.S. poultry producers that they in turn sell in anticipation of declines. The percentage of outstanding shares of Pilgrim's Pride Corp., the second-biggest U.S. chicken producer, that were sold short by investors has soared more than six-fold since Sept.
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