For the first nine months of its 2010 fiscal year, E.I. du Pont de Nemours and Co. (NYSE: DD) got nearly one-third of its sales from its agricultural and nutrition division. That’s…
In the international diplomatic game of tit-for-tat, the Chinese ministry of commerce has said it will begin an investigation into US dumping of livestock feed on China’s farm market. Earlier this month,…
Tucked neatly away in the recently passed tax bill was a renewal of the $0.45/gallon subsidy for corn ethanol. The subsidy renewal also includes a continuation of the $0.54/gallon tariff on imported…
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…
