Corporate News Market News

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 or visitors click here

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 or visitors click here

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 or visitors click here

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 or visitors click here

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 or visitors click here

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 or visitors click here

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 or visitors click here

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 or visitors click here

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 or visitors click here

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 or visitors click here

Bunge Reports Q4 Loss

NEW YORK - Feb 7/13 - SNS -- Bunge Limited reported a net loss of U.S. $610 million on sales of $17,040 million for the fourth quarter ending December 31, compared to a profit of $245 million on sales of $15,692 million during the same three month period the previous year. . . . Continue or visitors click here

Cargill Profits Jump

NEW YORK - Jan 9/13 - SNS -- Cargill reported net earnings of U.S. $409 million in the second quarter ending November 30 on revenue of $35.2 billion, compared to a net of $100 million during the same three-month period the previous fiscal year. . . . Continue or visitors click here

AGT, Cargill Marketing Agreement

TORONTO - Jan 9/13 - SNS -- The U.S. subsidiary of Alliance Grain Traders Inc. (AGT), United Pulse Trading Inc. (UPT) has entered an exclusive five-year marketing arrangement with Cargill. . . . Continue or visitors click here

New Viterra Board Named

TORONTO - Jan 3/13 - SNS -- A new board of directors has been named to Viterra Inc., following approval of the acquisition of Viterra by 8115222 Canada Inc., an indirect wholly-owned subsidiary of Glencore International plc (Glencore). . . . Continue or visitors click here

AGT Pays Q4 Dividend

TORONTO - Dec 13/12 - SNS -- Alliance Grain Traders Inc. (AGT) will pay a cash dividend for the quarter ending December 31, 2012 of $0.15 per common share. . . . Continue or visitors click here

Legumex Walker Reports Q3 Loss

TORONTO - Nov 14/12 - SNS -- Legumex Walker Inc. reported a net loss of CDN $5.522 million on sales of $56.496 million for the third quarter ending September 30, compared to a net loss of $2.458 million on sales of $41.399 million the previous year. Last year's third quarter spanned just 79 days because the company had just been created. . . . Continue or visitors click here

AGT Reports Third Quarter Profit

TORONTO - Nov 8/12 - SNS -- Alliance Grain Traders Inc. (AGT) reported net earnings of CDN $581,698 on sales of $208.956 million for the third quarter ending September 30, compared to a loss of $11.978 million on sales of $190.556 million during the same three-month period last year. . . . Continue or visitors click here

Bunge Reports Improved Profit

NEW YORK - Oct 25/12 - SNS -- Bunge Limited reported net earnings of U.S. $297 million on sales of $17,293 million for the third queater ending September 30, up from net income of $140 million on sales of $15,616 million during the same three-month period last year. . . . Continue or visitors click here

ADM Targets Australia's GrainCorp

NEW YORK - Oct 22/12 - SNS -- Archer Daniels Midland Company increased the number of GrainCorp Limited shares it owns to now total 14.9% of the Australian company's outstanding shares. . . . Continue or visitors click here

Cargill Building Camrose Crushing Plant

TORONTO - Oct 3/12 - SNS -- Cargill plans to build a 850,000 metric ton (MT) per year capacity canola crushing plant near Camrose, Alberta. . . . Continue or visitors click here

Legumex-Walker Completes Keystone Purchase

TORONTO - Oct 2/12 - SNS -- Legumex Walker Inc. completed its purchase of Keystone Grain Ltd.for $1.28 million in cash and 587,437 in its common shares. . . . Continue or visitors click here

Glencore Buys Into Russian Grain Terminal

HONG KONG - Oct 2/12 - SNS -- Glencore International plc entered into a 50-50 joint venture agreement with Kernel Holding S.A. through which it has acquired an interest in a deep sea grain export terminal in Taman port in Russia from the EFKO Group. . . . Continue or visitors click here

Alliance Pays Quarterly Dividend

TORONTO - Sep 20/12 - SNS -- Alliance Grain Traders Inc. will pay a cash dividend for the quarter ending September 30, 2012 of $0.15 per common share. . . . Continue or visitors click here

Cargill Building Canola Refinery

WINNIPEG - Sep 17/12 - SNS -- Cargill will build a canola refinery at its 1.5 million metric ton (MT) capacity canola crushing plant in Clavet, Saskatchewan. . . . Continue or visitors click here

Legumex Walker Buying Keystone Grain Ltd.

TORONTO - Aug 27/12 - SNS -- Legumex Walker Inc. entered into a letter of intent with Keystone Grain Ltd. to purchase all of the outstanding shares of Keystone. . . . Continue or visitors click here