Insights and Stories on Barges

May. 13, 2021 at 8:19 pm CDT

Chicago | Reuters — A traffic jam on the lower Mississippi River swelled to 771 barges on Thursday as a fractured bridge near Memphis closed the waterway that is crucial for U.S. crop exports. The shutdown fueled concerns about shipping U.S. grain and soy to export markets at a time […]

By Tom Polansek

Jul. 15, 2020 at 5:24 pm CDT

Chicago | Reuters — Green Plains Inc., one of the biggest U.S. ethanol producers, sued Archer Daniels Midland on Tuesday, accusing the global grain trader of manipulating the price of the biofuel to profit from its positions in the derivatives market. Green Plains filed the proposed class action with the […]

By P.J. Huffstutter

Jul. 10, 2019 at 9:35 pm CDT

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 still-unresolved U.S.-China trade war, analysts and economists said. ADM and Bunge, as well as peers Cargill and Louis Dreyfus, known […]

By Karl Plume

Apr. 8, 2019 at 7:54 pm CDT

New York | Reuters — The March floods that punished the U.S. Midwest have roiled the ethanol industry, hammering prices and trapping barrels in the country’s interior while the U.S. coasts suffer from shortages of the biofuel. The historic March floods have dealt a series of blows to large swaths […]

By Jarrett Renshaw, Stephanie Kelly

Mar. 25, 2019 at 7:14 pm CDT

Chicago | Reuters — Flooding and severe winter weather in the U.S. Midwest will reduce Archer Daniels Midland’s first-quarter operating profit by US$50 million to $60 million, the U.S. grains trader said on Monday. Record floods have devastated a wide swath of the farm belt across Iowa, Nebraska, South Dakota […]

By Reuters