Insights and Stories on Cargill

Jul. 26, 2017 at 1:35 pm CDT

Sao Paulo / Reuters – Global commodities trader Cargill Inc is considering bidding for Pilgrim’s Pride Corp, a U.S.-based chicken processor controlled by scandal-ridden Brazilian group JBS SA, newspaper O Estado de S. Paulo reported on Wednesday. A JBS representative said Pilgrim’s Pride is not for sale. An emailed request […]

By Bruno Federowski

Jun. 16, 2017 at 3:01 pm CDT

Abu Dhabi/Sao Paulo | Reuters — Shares of JBS SA erased gains on Friday after a source denied that Abu Dhabi sovereign wealth fund Mubadala Development Co. PJSC was arranging partners to make a bid for control of the world’s largest meatpacker. A person with direct knowledge of Mubadala’s strategy […]

By Guillermo Parra-Bernal, Stanley Carvalho

Jun. 14, 2017 at 7:09 pm CDT

Chicago | Reuters –– The first shipment of U.S. beef to China under a new trade deal went airborne on Wednesday, a Nebraska meat company said, just two days after Washington finalized details to resume exports, ending a 14-year ban. Greater Omaha Packing Co. said it shipped beef by plane […]

By Tom Polansek

May. 12, 2017 at 2:07 pm CDT

Seoul | Reuters –– Commodity firm Cargill expects international grain markets to remain oversupplied for a long time due to bountiful harvests and a rise in storage, the head of the global commodity trader said on Friday. Bumper crops have flooded many markets, dragging on prices for grains and hitting […]

By jane-chung

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