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.
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.
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.
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.
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.
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.
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.
Senators Introduce Cybersecurity Agriculture Bill
Legislation meant to enhance cybersecurity in the agriculture sector was recently introduced by a bipartisan group of senators.
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.
ADM Shares Plunge After Accounting Probe Places CFO on Leave
Archer-Daniels-Midland Co. plunged after the U.S. agricultural trading giant suspended its CFO and cut its earnings outlook pending an investigation into its accounting practices.