Insights and Stories of Karl Plume

Nov. 3, 2021 at 9:42 am CDT

Reuters – Agricultural seeds and chemicals supplier Bayer AG is expanding its carbon farming program to members of U.S. farm cooperative CHS Inc, boosting incentives for members to participate in the program, the companies said on Wednesday. The agreement will make it easier for CHS’s 75,000 farmer-members to enrol in […]

By Karl Plume

Oct. 27, 2021 at 8:45 am CDT

Bunge Ltd reported stronger-than-expected third-quarter results and raised its full-year profit outlook on Wednesday for a third time this year amid improved demand for food and renewable fuel as pandemic restrictions have eased. Although volumes in the U.S. agricultural commodities trader’s core agribusiness and its refined and specialty oils units […]

By Arunima Kumar, Karl Plume

Oct. 26, 2021 at 8:45 am CDT

Global grain trader Archer-Daniels-Midland Co said on Tuesday its third-quarter profit more than doubled, as strong oilseed crushing margins and rising vegetable oil demand boosted its core agricultural services and oilseeds unit. The Chicago-based U.S. grains merchant is anticipating the favorable demand and margin environment to continue supporting results in […]

By Arunima Kumar, Karl Plume

Sep. 24, 2021 at 5:31 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures climbed on Friday, largely supported by positioning ahead of a key hog inventory report issued by the U.S. Department of Agriculture (USDA) after the close, analysts said. Higher cash pork prices and the still-wide discount of futures to cash […]

By Karl Plume

Sep. 23, 2021 at 4:39 pm CDT

Chicago | Reuters — Minnesota agricultural co-operative Crystal Valley said it had been targeted in a ransomware attack in recent days, making it the second Midwestern farm-services provider in a week to be forced to take systems offline due to cybersecurity incidents. Crystal Valley, which sells supplies like fertilizer to […]

By Karl Plume, Tom Polansek