Corporate News Market News

USDA Sets July Interest Rates

WASHINGTON - Jul 1/20 - SNS -- The USDA's Commodity Credit Corporation set interest rates for July. . . . Continue

GrainCorp, Zen-Noh Partner in Canada

NEW YORK - Dec 15/15 - SNS -- Australia's GrainCorp and Japan's Zen-Noh Grain Handling have entered a 50-50 partnership aimed at expanding their origination capabilities in Canada. . . . Continue

Legumex Walker Loss Narrows

TORONTO - May 15/14 - SNS -- Legumex Walker Inc. reported a net loss of CDN $6.802 million on sales of $128.535 million during the first quarter ending March 31, compared to a net loss of $6.873 million on sales of $87.316 million during the same three-month period last year. . . . Continue

Cargill Profits Up 36%

NEW YORK - Jan 9/14 - SNS -- Cargill reported net earnings of U.S. $556 million for the second quarter ending November 30, up 36% from $409 million during the same three month period the previous year. . . . Continue

Danone and Abraaj Buy Fan Milk

NEW YORK - Oct 24/13 - SNS -- Danone and The Abraaj Group have partnered to buy Fan Milk International, a manufacturer and distributor of frozen dairy products and juices in West Africa. . . . Continue

Glencore Reports FH2013 Loss

LONDON - Aug 20/13 - SNS -- Glencore Xstrata reported a net loss of U.S. $8,920 million on revenue of $121,393 million for the six months ending June 30, compared to a net income of $2,275 million on revenues of $123,507 million during the same six month period last year. . . . Continue

Legumex Walker Reports Quarterly Loss

TORONTO - Aug 13/13 - SNS -- Legumex Walker Inc. reported a net loss of CDN $7.707 million on revenues of $112.098 million during the second quarter ending June 30, compared to a net profit $614,000 on revenues of $68.501 million during the same three-month period last year. . . . Continue

Campbell Soup Negotiates European Asset Sale

NEW YORK - Aug 12/13 - SNS -- Campbell Campbell Soup Company has entered final and exclusive negotiations for the potential sale of its European business to CVC Capital Partners (CVC). . . . Continue

AGT Adjusted Net Earnings Improve

TORONTO - Aug 12/13 - SNS -- Alliance Grain Traders Inc. declared a total comprehensive loss of CDN $11.407 million on revenues of $246.729 million during the second quarter ending June 30, compared to total comprehensive income of $2.187 million on revenues of $201.738 million during the same three-month period last year. . . . Continue

Campbell Soup Buys Kelsen Group

NEW YORK - Aug 8/13 - SNS -- Campbell Soup Company completed the acquisition of Denmark's Kelsen Group A/S. . . . Continue

Bunge Dividend Declared

NEW YORK - Aug 7/13 - SNS -- Bunge Limited declared a regular quarterly cash dividend of $0.30 per common share. The dividend is payable on December 2, 2013 to shareholders of record on November 18, 2013. . . . Continue

Glencore Sells Joe White Malting to Cargill

SYDNEY - Aug 5/13 - SNS -- Glencore International entered an agreement to sell Australia's Joe White Maltings to Cargill Incorporated subject to standard regulatory approvals and satisfaction of other customary closing conditions. The sale is expected to close by the end of Glencore's fourth quarter. . . . Continue

Bunge's Q2 Earnings Dip

NEW YORK - Jul 25/13 - SNS -- Bunge Limited reported pre-tax income of U.S. $239 million on sales of $15,491 million during the quarter ending June 30, down from earnings of $283 million on sales of $14,499 million during the same three-month period last year. . . . Continue

Carme Trust Buys AGT Shares

TORONTO - Jun 5/13 - SNS -- The Carme Trust has acquired and indirectly holds 5,182,601 common shares in the capital of Alliance Grain Traders Inc. (AGT). . . . Continue

Campbell Soup Gross Margins Slip

NEW YORK - May 20/13 - SNS -- Campbell Soup Company reported net earnings of U.S. $179 million on sales of $2,094 million during the third quarter ending April 28, compared to net earning of $175 million on sales of $1,821 million during the same three month period last year. . . . Continue

USDA Buys 3,550 MT Pulses

KANSAS CITY - May 15/13 - SNS -- The USDA's Commodity Credit Corporation office here confirmed the purchase of 3,550 metric tons (MT) of pulses for shipment as food aid. . . . Continue

Legumex Walker Posts Q1 Loss

TORONTO - May 15/13 - SNS -- Legumex Walker reported a net loss of $5.974 million on sales of $87.316 million for the first quarter ending March 31, compared to a net loss of $2.363 million on sales of $65.793 million during the same three-month period last year. . . . Continue

AGT Adjusted Earnings Improve

TORONTO - May 13/13 - SNS -- Alliance Grain Traders Inc. (AGT) reported adjusted net earnings of $5.1 million on sales of $276.4 million for the first quarter ending March 31, compared to an adjusted net loss of $2,6 million on sales of $197.4 million during the same three month period last year. . . . Continue

ADM Bids For GrainCorp

NEW YORK - May 2/13 - SNS -- Archer Daniels Midland Company is bidding A$12.20 per share for all outstanding common shares of Australia's GrainCorp Limited under the terms of the takeover bid implementation deed signed with GrainCorp last week. . . . Continue

Viterra Transfers Assets

TORONTO - May 1/13 - SNS -- Viterra Inc. completed the transfer of assets to Richardson International Limited and Agrium Inc. The asset transfers were agreed to by Glencore International plc in order to gain government approval for its purchase of Viterra. . . . Continue

Cargill Reports Lower Net Earnings

NEW YORK - Apr 10/13 - SNS -- Cargill reported net earnings of $445 million on ntotal revenues of $32,200 million for the third quarter ending February 28, comnpared to a net of $766 million during the same three-month period last year. . . . Continue

AGT Announces Q4 Profit

TORONTO - Mar 25/13 - SNS -- Alliance Grain Traders Inc. reported adjusted net earnings of $874,000 on sales of $231.45 million during the fourth quarter ending December 31, compared to @1.3679 million on sales of $169 million during the same three-month period the previous year. . . . Continue

Legumex Walker Posts Q4 Loss

TORONTO - Mar 20/13 - SNS -- Legumex Walker Inc. declared a net loss of CDN $5.4 million on sales of $104 million for the fourth quarter ending December 31, compared to net earnings of $1.9 million on sales of $62.4 million during the same three month period in 2011. . . . Continue

Campbell Gross Margins Decline

NEW YORK - Feb 15/13 - SNS -- Campbell Soup Company reported $190 million in net earnings on sales of $2,333 million for the second quarter ending January 27, compared with $205 million on sales of $2,112 million during the same three-month period last year. . . . Continue

Schroder Appointed Bunge CEO

NEW YORK - Feb 7/13 - SNS -- Bunge's board of directors have appointed Soren Schroder, currently chief executive officer (CEO) of Bunge North America, to replace Alberto Weisser, who will retire as CEO effective June 1, 2013. The board also appointed Weisser as executive chairman, serving until December 31, 2013. . . . Continue