Insights and Stories of Karl Plume

Jun. 16, 2017 at 8:19 pm CDT

Chicago | Reuters — U.S. farm groups criticized President Donald Trump’s decision to retreat from his predecessor’s opening toward Cuba, saying it could derail huge increases in farm exports that totaled US$221 million last year. A trade delegation from Minnesota, one of the largest U.S. agriculture states, vowed to carry […]

By Karl Plume

May. 3, 2017 at 10:57 am CDT

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, sending its shares plummeting despite reporting a higher first-quarter profit. The warning highlighted a string of trading woes at ADM, […]

By Karl Plume

May. 3, 2017 at 10:47 am CDT

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 America squeezed margins in its core agribusiness unit, sending shares tumbling. White Plains, N.Y.-based Bunge said net income available to […]

By Karl Plume

Apr. 27, 2017 at 5:29 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle surged to contract highs on Thursday and closed up the daily limit in most contacts on stronger-than-expected cash markets and robust demand for beef, traders said. The front-month contract hit a 13-month peak as the market closed higher for the fifteenth […]

By Karl Plume

Apr. 27, 2017 at 5:22 pm CDT

Chicago | Reuters — Chicago corn and soybean futures edged higher on Thursday on concerns about weather delays to spring planting and relief that the White House will not immediately withdraw the U.S. from the North American Free Trade Agreement (NAFTA). Solid export sales added support, although both commodities traded […]

By Karl Plume