Daniel P. Dye, who has served as chief executive officer of Ardent Mills LLC since the business was established in May 2014, has announced he will retire later this year. Ardent Mills has launched an internal and external search for a successor, and Dye will remain in his post until the next CEO is named and assumes the role. → https://ow.ly/orZl50Rv6xT #agriculture #agribusiness #grain #milling #flour
World Grain
Business Content
Kansas City, Missouri 18,749 followers
The leading news and information source for grain executives and operators.
About us
Long recognized as the indispensable source of information for the international grain executives and operators, World Grain provides the latest news and captivating analysis while covering topics such as grain storage and transportation issues, global trade and market trends, grain and feed processing operations and end-market demands. Our industry-best team of editors and contributors bring a wealth of experience to an industry that is constantly evolving while identifying the best in production strategies and trends that will impact your buyer’s customer tomorrow.
- Website
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http://www.world-grain.com
External link for World Grain
- Industry
- Business Content
- Company size
- 11-50 employees
- Headquarters
- Kansas City, Missouri
- Founded
- 1982
- Specialties
- Milling, Grain, Feed, Commodities, Flour Milling Equipment, Feed Milling Equipment, and Grain Storage and Handling
Updates
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AGCO Corporation’s net income and net sales dropped in the first quarter ended March 31, as demand for global #agricultural equipment declined. The company reported net income of $168 million compared to $232.6 million in the same quarter a year ago. Net sales dropped 12.1% to $2.9 billion. → https://ow.ly/975A50RuX4t #agribusiness
AGCO’s earnings, sales drop in first quarter
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The Teamsters Canada Rail Conference, which represents thousands of Canadian railway employees at Canadian National (CN) and Canadian Pacific Kansas City (CPKC), said its members have voted to strike as early as May 22. CN and CPKC are major shippers of #grain, potash and coal across North America and a critical piece of the Canadian economy. Canada is a major exporter of #wheat and #canola. → https://ow.ly/NhoO50RuMm8 #agriculture #agribusiness
CN, CPKC face potential strike
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ADM’s global regenerative agriculture program surpassed expectations in 2023, and as a result the global #agribusiness company is raising its goal for enrolled acres in 2025. “We know that farmers are stewards of the land, and we offer an array of programs that meet their varied needs and empower each of them in the ways that work best for their individual situations.” - Greg Morris, president of Ag Services and Oilseeds at ADM. → https://ow.ly/TzEo50RuM6c #agriculture #sustainability #environment
ADM surpasses regenerative ag goal
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With an anticipated decline in planted area and yields, #wheat production in #Australia for the 2024-25 marketing year is forecast at 25.8 million tonnes, 3% below the previous 10-year average. Traditionally among the world’s largest wheat exporters, Australia is projected to export 17.5 million tonnes in 2024-25, a 13% decline from the previous year. → https://ow.ly/Jn6v50RtH5M #agriculture #agribusiness #grain
Dry weather impacting Australia wheat
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The final rules on reciprocal switching for inadequate service published on April 30 will inform and incentivize US railroad performance, said the National Grain and Feed Association (NGFA). The rules give shippers and receivers captive to a single Class I railroad the chance to use Surface Transportation Board-directed arrangements to switch to an alternative carrier. → https://ow.ly/PN8w50RtGBg #agriculture #agribusiness #grain #rail
Rules issued on reciprocal rail switching for poor service
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The International Grains Council (IGC) has confirmed the Republic of Senegal’s membership with the Council, effective May 1, designating the West African nation as an importing member. The IGC, which promotes dialogue between importing and producing grains countries, will hold its “Second Dialogue Between Importers and Exporters” during the 2024 IGC Grains Conference June 11-12 in London. → https://ow.ly/p5V450RtGjr #agriculture #agribusiness #grain #Senegal #Africa
IGC confirms Senegal membership
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SYMAGA SILOS has made several investments toward a more sustainable 4.0 production system, including increasing the overall capacity of its #solar plant. About 70% of all its manufacturing operations are being driven by its generated green energy resources. → https://ow.ly/fNs650RtEhx #agriculture #agribusiness #grain
Symaga invests in more sustainable production
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Scoular has promoted Sandra D. Hulm to senior vice president, leading the company’s newly formed Renewables & Oilseeds Division. In her new role, Hulm, currently a vice president and general manager at Scoular, will continue to lead Scoular’s Oilseed Processing business and Sunflower, Flax, & Bird Food businesses, in addition to Scoular’s Renewable Fuels and Feedstock businesses. → https://ow.ly/h1Po50RtzhI #agriculture #agribusiness #grain #oilseeds #renewables #energy
Scoular tabs Renewables & Oilseeds leader
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Executives of ADM expected a challenging fiscal year, and the first quarter, which saw low margins and downtime at a Decatur, Illinois, US, facility, met expectations. Earnings of $729 million, or $1.42 per share on the common stock, for the quarter ended March 31 marked a 38% decline from $1.17 billion, or $2.12 per share, in the previous year’s first quarter. → https://ow.ly/uKe050Rtwgh #agriculture #agribusiness #grain
Low margins drop ADM earnings in first quarter
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