Insights and Stories of Karl Plume

Apr. 20, 2015 at 5:58 pm CDT

Chicago | Reuters –– U.S. soybean futures rose for a fifth consecutive session on Monday on worries about a possible trucker strike in Brazil and as an economic stimulus move by top importer China reinforced expectations of brisk demand for the oilseed. Wheat rebounded from steep losses last week, although […]

By Karl Plume

Mar. 4, 2015 at 4:27 pm CST

Chicago | Reuters — U.S. soybean futures fell for a third straight session on Wednesday as the end of a truckers’ strike in Brazil and easing concerns about a farmers’ protest in Argentina reduced fears of major South American export disruptions. Wheat fell under the combined pressure of a stronger […]

By Karl Plume

Feb. 3, 2015 at 1:03 pm CST

Chicago | Reuters — U.S. agribusiness Archer Daniels Midland on Tuesday reported higher quarterly earnings as a record-large U.S. harvest boosted grain volumes and supported strong exports, though revenue fell short of expectations. Earnings in agricultural services, ADM’s biggest business segment in terms of revenue, grew as bumper U.S. corn […]

By Karl Plume

Jan. 8, 2015 at 7:40 pm CST

Reuters — Replenished grain supplies following a bumper North American harvest bolstered global commodities trader Cargill’s bottom line in its latest quarter as lower prices lifted demand for crops and padded margins on meat sales. Privately-held Cargill, based in Minnesota, reported net earnings of $784 million for the second quarter […]

By Karl Plume

Jan. 2, 2015 at 5:04 pm CST

Chicago | Reuters — U.S. soybean futures dropped to a one-month low on Friday on technical selling and pressure from rising global supplies as South American growers are expected to harvest bumper crops in the coming weeks. Technical selling also dragged corn and wheat prices to their lowest in three […]

By Karl Plume