Reuters – CNH Industrial CNH.N on Tuesday forecast 2025 profit below Wall Street’s estimates, as it expects sales to be lower year-over-year in both its agriculture and construction equipment markets in 2025, sending its shares down 3.7 per cent before the bell. The Basildon, UK-based company expects 2025 adjusted earnings to be in the range […] Read more
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CNH Industrial forecasts lower FY profits on declining agriculture, construction equipment sales
Markets tumble over Trump tariffs, world leaders brace for his next moves
Global financial markets fell on Monday over tariffs imposed on Canada, Mexico and China by U.S. President Donald Trump, while world leaders steeled themselves to respond to his next moves, with the European Union in the firing line.
U.S. grains: Soy, corn futures retreat on profit-taking
U.S. soybean futures fell about two per cent on Thursday as forecasts for much-needed rains in dry areas of Argentina's crop belt and expectations of a massive Brazilian soy harvest sparked a round of profit-taking, analysts said.
IGC trims global corn forecast
The International Grains Council (IGC) on Thursday cut its forecast for 2024/25 global corn production, largely reflecting a downward revision for the United States.
U.S. grains: Corn firm on Argentina weather worries, soybeans retreat
Benchmark U.S. corn futures rose on Wednesday, hovering near one-year highs as traders continued to adjust to a tighter supply outlook projected last week by the U.S. Department of Agriculture (USDA) and fretted about Argentine crop weather, analysts said.
U.S. grains: Soybeans recoup losses, but Brazil crop outlook caps gains
U.S. soybean futures rebounded on Tuesday in a short-covering and bargain-buying bounce from the prior day's losses, although gains were limited by favorable crop prospects in South America, where Brazil is due to harvest a record crop early next year.
Commodities trading giant Cargill plans to cut around 8,000 jobs
Global trading house Cargill said on Tuesday it plans to cut around five per cent of its staff, or about 8,000 jobs after revenue slumped in its most recent fiscal year as crop prices hit multi-year lows.
New Zealand suspends poultry exports after first case of H7 bird flu
New Zealand said on Monday that it had suspended all poultry exports after detecting a highly pathogenic variant of avian influenza at a poultry farm on the South Island.
Trump discussed border, trade with Trudeau after pledging steep tariffs
U.S. President-elect Donald Trump said on Saturday he discussed the border, trade and energy in a “very productive” meeting with Canadian Prime Minister Justin Trudeau amid fears of a trade war.
Trump expected to offer Loeffler agriculture secretary role
President-elect Donald Trump is expected to offer former U.S. Senator Kelly Loeffler the agriculture secretary job in his administration, CNN reported on Friday.
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