Paris | Reuters — Louis Dreyfus Co. (LDC) could nearly double annual investments in the coming years as rising profits help it pursue expansion in its traditional crop trading and […] Read more
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Tag Archives dreyfus
Dreyfus to step up spending after earnings boost
'Complementary' acquisitions envisioned
Saudi Arabia completes first phase of flour mill privatization
Dubai/London | Reuters — Saudi Arabia said on Wednesday it had completed the first batch of its flour milling sector privatization, according to a statement by the state grain buyer […] Read more
P+H to challenge regulators’ request for elevator sale
Case to be heard sometime at later end of fall
Grain firm Parrish and Heimbecker aims to keep its now-expanded Prairie elevator network intact against a proposed order from federal antitrust regulators. Winnipeg-based, privately-held P+H in September announced a deal […] Read more
Major grain traders’ e-transaction platform gets name
The blockchain-based global commodity transaction platform being developed by six of the world’s biggest agrifood firms is moving ahead with a new name and project leader. The six companies — […] Read more
P+H to buy Louis Dreyfus’ Prairie elevators
Updated — Commodities and agrifood giant Louis Dreyfus Co. is stepping out of the grain handling business it built in Canada with a deal to sell its Prairie elevator network. […] Read more
Major grain traders face one-two punch from U.S. floods, trade war
Chicago | Reuters — Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland and Bunge for a second straight quarter, adding to headwinds from a […] Read more
Louis Dreyfus could consider selling stake to regional player
Paris | Reuters — Louis Dreyfus Co., one of the world’s biggest agricultural commodities houses, may consider selling a stake to a regional player to support its development although there […] Read more
Is China buying U.S. soy? Washington shutdown keeps traders guessing
Chicago | Reuters –– Commodity traders are in the dark because of the partial U.S. government shutdown, unable to see daily and weekly reports of agricultural exports to obtain clues […] Read more
ADM sees weaker ag services outlook on trading woes
Chicago | Reuters — U.S. agricultural trader Archer Daniels Midland (ADM) on Tuesday cautioned that massive global grain stocks are making it difficult to turn a profit trading grain internationally, […] Read more
Bunge profit dives as grain glut hits margins
Chicago | Reuters –– U.S. agricultural trader Bunge reported on Wednesday a sharply lower first-quarter profit and cut its full-year earnings forecast as slow crop sales by farmers in South […] Read more