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Corporate market news for Jun 2004


Agricore Buys Prairie Mountain Agri Ltd.

WINNIPEG - Jun 1/04 - SNS -- Agricore United completed its purchase of James Richardson International's (JRI) 50% interest in Prairie Mountain Agri Ltd. (PMA) . . . Continue or visitors click here


Cargill, Central Illinois Energy Ethanol Alliance

MINNEAPOLIS - Jun 2/04 - SNS -- Cargill and Central Illinois Energy (CIE) have formed a strategic alliance to sell and distribute its 36 million gallons of yearly ethanol production. . . . Continue or visitors click here


AWB Invests in Asian Training Center

SYDNEY - Jun 4/04 - SNS -- The Australia Wheat Board (AWB) Limited and RMIT International University Vietnam (RMIT) will jointly create the "AWB - Centre of Excellence for Professional Development" to train bakers from all of Asia. . . . Continue or visitors click here


New ABB Board Named

SYDNEY - Jun 7/04 - SNS -- Non-executive directors were named to the Australian barley marketing board -- ABB Grain Ltd -- in accordance with the merger agreement reached between ABB, AusBulk Ltd (AusBulk) and United Grower Holdings. . . . Continue or visitors click here


ADM to Buy Rice Mill

DECATUR - Jun 7/04 - SNS -- Archer Daniels Midland Company (ADM) is buying Gold River Mills, LLC’s rice mill facility in Arbuckle, California. . . . Continue or visitors click here


Horizon Milling Closing Plant

WELLINGTON - Jun 9/04 - SNS -- Horizon Milling, LLC is closing its facility here as the company said the plant can no "longer efficiently compete without extensive and costly equipment upgrades." . . . Continue or visitors click here


Kellogg Names New Executives

BATTLE CREEK - Jun 9/04 - SNS -- Kellogg Company named John A. Bryant president of Kellogg International, which includes the Company's operations in Europe, Latin America, and Asia-Pacific. . . . Continue or visitors click here


American Egg Board Members Named

WASHINGTON - Jun 9/04 - SNS -- The USDA named nine members and nine alternates to the American Egg Board for the 2004-2005 term. The board is made up of 18 members and 18 alternates. . . . Continue or visitors click here


U.S. Pork Board Members Named

WASHINGTON - Jun 9/04 - SNS -- The USDA named five members to the 15 member National Pork Board for three year terms. . . . Continue or visitors click here


Smithfield Foods Reports $122.7 M Net

SMITHFIELD - Jun 9/04 - SNS -- Smithfield Foods, Inc. reported a net income of $122.7 million, or $1.09 per diluted share, on sales of $2,522 million for the fourth quarter ending May 2. . . . Continue or visitors click here


Heinz Increase Dividend

PITTSBURGH - Jun 9/04 - SNS -- The H. J. Heinz Company declared quarterly dividends on both common and preferred stock. . . . Continue or visitors click here


Chiquita Sells Columbia Assets

CINCINNATI - Jun 14/04 - SNS -- Chiquita Brands International, Inc. will sell its banana-producing and port operations in Colombia to Invesmar Ltd., the holding company of C.I. Banacol S.A. Banacol is a Colombia-based producer and exporter of bananas and other fruit products. . . . Continue or visitors click here


Deere Continues Stock Repurchase

MOLINE - Jun 15/04 - SNS -- Deere & Company is continuing with its long standing effort to repurchase up to $1 billion of common stock. . . . Continue or visitors click here


SWP Sells Mexican Interests

REGINA - Jun 15/04 - SNS -- Saskatchewan Wheat Pool (SWP) sold its 50% interest in Comercializadora La Junta, S.A. de C.V. ("CLJ"), a port terminal facility in Manzanillo, Mexico. . . . Continue or visitors click here


Land 'O Lakes Buys Out Farmland Interest

ARDEN HILLS - Jun 16/04 - SNS -- Land O'Lakes intends to buy Farmland's 8% ownership interest in Land O'Lakes Farmland Feed LLC for approximately $12.15 million. . . . Continue or visitors click here


SWP-Union Reach Agreement

REGINA - Jun 16/04 - SNS -- The Saskatchewan Wheat Pool (SWP) and the Grain Services Union (GSU) have reached a three-year contract covering the company's 150 office-based employees. . . . Continue or visitors click here


SWP Grain Handle Up Sharply

REGINA - Jun 17/04 - SNS -- The Saskatchewan Wheat Pool (SWP) reported a solid increase in the volume of grains, oilseeds and specialty crops handled through its primary and terminal elevator system so far during the 2993-04 marketing campaign. . . . Continue or visitors click here


SWP Reports $9.1 Million Loss

REGINA - Jun 17/04 - SNS -- The Saskatchewan Wheat Pool (SWP) continued to struggle through the third quarter of the current fiscal year, reporting a net loss of CDN $9.141 million for the three months ending April 30 on gross billings of $394.5 million. . . . Continue or visitors click here


Heinz Taps Keller to Head Italy

PITTSBURGH - Jun 17/04 - SNS -- The H.J. Heinz Company named Kenneth C. Keller Chairman and Chief Executive Officer of Heinz Italy and President of Heinz Southern Europe. . . . Continue or visitors click here


Chiquita Reports Firm Banana Markets

CINCINNATI - Jun 17/04 - SNS -- Chiquita Brands International, Inc. reported strong banana markets during the first two months of the company's second quarter. . . . Continue or visitors click here


Lussier Wins CCA of Year Award

EDMONTON - Jun 17/04 - SNS -- The Canadian Fertilizer Institute (CFI) has awarded Richard Lussier, an Agronomic Crop Enhancement (ACE) Specialist with Agricore United, the 2003 Prairie Provinces Certified Crop Adviser (CCA) of the Year award. . . . Continue or visitors click here


Agricore Reports $17 Million Loss

WINNIPEG - Jun 17/04 - SNS -- Agricore United reported a CDN $16.7 million loss on sales of $638.5 million during the three month period ending April 30, down from a loss of $22.2 million on sales of $516.2 million during the same period last year. . . . Continue or visitors click here


Agricore's Share of Grain Handle Slips

WINNIPEG - Jun 17/04 - SNS -- Agricore United's share of the western Canadian grain handle slipped during the three months ending April 30 from 37.8% last year to 34.7%, according to the company's latest financial results. . . . Continue or visitors click here


Agricore United Declares Dividend

WINNIPEG - Jun 17/04 - SNS -- Agricore United's Board of Directors today declared a quarterly dividend of $0.03 per share on the Limited Voting Common Shares payable on August 12, 2004 to shareholders of record at the close of business on July 12, 2004. . . . Continue or visitors click here


Cargill, IMC Joint Venture Called Mosaic

MINNEAPOLIS - Jun 18/04 - SNS -- The publicly traded fertilizer company formed through the combination of Cargill Crop Nutrition, a business unit of Cargill, Incorporated, and IMC Global Inc. will be named Mosaic. . . . Continue or visitors click here


ADM Settles High Fructose Corn Syrup Suit

DECATUR - Jun 18/04 - SNS -- Archer Daniels Midland Company (ADM) has settled with the plaintiff class in the federal anti-trust civil suit regarding high fructose corn syrup. . . . Continue or visitors click here


Cargill Malt Opens Seattle Warehouse

SEATTLE — Jun 18/04 - SNS -- Cargill Malt/Specialty Products Group opened a warehouse in central Seattle to help meet the pale and specialty-malt needs of regional brewers, micro-breweries and brewpubs in the Pacific Northwest. . . . Continue or visitors click here


Noble Signs $100M Grain Financing

HONG KONG - Jun 21/04 - SNS -- Noble Group Limited has signed a U.S. $100 million multi-currency syndicated loan facility by its Singapore subsidiary, Noble Grain Pte Ltd. . . . Continue or visitors click here


Danish Crown Cleared to Buy Flagship

BRUSSELS - Jun 21/04 - SNS -- The European Commission will allow the farmer's cooperative, Danish Crown AmbA, to purchase Flagship Foods in the United Kingdom. . . . Continue or visitors click here


Penford Reports $2.3 Million Profit

DENVER - Jun 21/04 - SNS -- Penford Corporation reported a $2.3 million profit on sales of $72.5 million for the quarter ending May 31, up from a profit of $1.76 million on sales of $66 million last year. . . . Continue or visitors click here


ADM SMI Joint Venture in Uruguay

DECATUR - Jun 21/04 - SNS -- Archer Daniels Midland Company (ADM) and Stellamaris Internacional (SMI) will construct and operate a port facility at Nueva Palmira, Uruguay under a joint venture agreement. . . . Continue or visitors click here


CJSC Creative Building Oilseed Plant

KIEV - Jun 22/04 - APK -- CJSC Creative (Kirovograd, central Ukraine), is drawing a 61.94 million hryvnia credit from Kiev-based commercial bank Nadra to build a new plant for production of sunflower oil and modified fats, and also to purchase sunflower seeds and tropical oils, the company's Financial Director Yuri Davydov has told Interfax-Ukraine news agency (5.33 hryvnias = $1). . . . Continue or visitors click here


MGPI Renames Resistant Starches Line

ATCHISON - Jun 22/04 - SNS -- MGP Ingredients, Inc. is changing the name of its FiberStar™ line of resistant starches to Fibersym™ on July 1. . . . Continue or visitors click here


ADM VP and Treasurer Resigns

DECATUR - Jun 2/04 - SNS -- Charles P. Archer has resigned as Vice President and Treasurer of Archer Daniels Midland Company (ADM) effective June 30, 2004. . . . Continue or visitors click here


AWB, GrainCorp Jointly Manage Transportation

SYDNEY - Jun 28/04 - SNS -- The Australian wheat board, AWB Limited (AWB), and GrainCorp Limited (GrainCorp) have created a joint venture company to handle grain export logistics on the east coast of Australia. . . . Continue or visitors click here


Noble Expands International Operations

HONG KONG - Jun 28/04 - SNS -- Noble Group has opened offices in Brazil, Italy and Russia. . . . Continue or visitors click here


Agricore Building Bean Plant

WINNIPEG - Jun 28/04 - SNS -- Agricore United is replacing its a dry edible bean processing plant in Carman, Manitoba with a new facility. . . . Continue or visitors click here


Noble Buys Golden Harvest Majority Stake

HONG KONG - Jun 30/04 - SNS -- Noble Group Limited has bought a majority stake in the assets of Golden Harvest Co Ltd, Jilin Province, China. . . . Continue or visitors click here


Cargill Buys Nestle Cocoa Plants

MINNEAPOLIS - Jun 30/04 - SNS -- Cargill Incorporated is buying Nestle's cocoa bean processing activities in York in the United Kingdom and in Hamburg, Germany. . . . Continue or visitors click here



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