These are some of this Wednesday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls. This morning we have two key updates from late yesterday afternoon, followed by our…
The tax bill negotiated between President Obama and Republican legislators reportedly contains an extension to the various government supports for ethanol producers. The Renewable Fuels Association has said that the extension is…
Farm products giant Archer Daniels Midland Co. (NYSE: ADM) posted EPS of $0.54 on revenue of $16.8 billion. Analysts were expecting EPS of $0.75 on revenue of $15.66 billion, so the company’s…
Next week is the beginning of the end of earnings season as November gets started, but we still have many key earnings to watch and there are still many large companies reporting…
The US Environmental Protection Agency has released its expected increase in the ethanol “blend wall” from 10% (E10) to 15% (E15) for light vehicles built in model year 2007 and later. The…
Higher ethanol, potash demand, ag-super-mergers, surging food prices… and now an ETF crossing the $2 billion in assets mark. You have to ask if a bubble is being formed in agriculture. Today…
These are some of this Friday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research notes: Allied Irish Banks plc (NYSE: AIB) Cut to Sell at Societe Generale. Amazon.com, Inc.…
In March 2009, the five ethanol-producing plants owned by a subsidiary of Pacific Ethanol, Inc. (NASDAQ: PEIX) filed for bankruptcy protection. The plants exited bankruptcy in June 2010, under ownership of several…
Last February, Royal Dutch Shell plc (NYSE:RDS-A) and Brazil’s Cosan Ltd. (NYSE:CZZ) signed an agreement to create a joint venture to distribute and sell cane ethanol in Brazil. The two companies have…
News related to the reduced wheat crop in Russia, followed by a ban on Russian wheat exports, have sent wheat prices along a steeply rising trajectory. Rising prices for wheat have also…
Raging fires and severe drought in Russia have led to the government imposing a temporary ban on wheat exports beginning August 15th. The country claims to have sufficient stocks, but cannot afford…
The corn ethanol industry in the US has received some $41 billion in federal subsidies since 1980. This year alone, federal subsidies are expected to total about $7.6 billion. As the federal…
The federal subsidy of $0.45/gal for domestic ethanol is set to expire at year’s end, and the sparks are flying now as the embattled industry seeks to renew government payments. On one…
Betting on carbon capture has been hard to do, and it still may be a stretch for some investors who may have preferred to see smaller companies. Today came the announcement from…
Despite earnings warnings and lower guidance throughout 2009, analysts and investors chased up the potash and agriculture names due to the various potash and agriculture companies talking up forward shipments and an…
