Surplus to Cost Uncle Sugar Up to $300 Million
ThinkstockThe federal government has been buying sugar since June as it is required to do by law when the price falls below $0.21 a pound. Uncle Sugar indeed! A report at Bloomberg…
ThinkstockThe federal government has been buying sugar since June as it is required to do by law when the price falls below $0.21 a pound. Uncle Sugar indeed! A report at Bloomberg…
ThinkstockU.S. agribusiness giant Archer Daniels Midland Co. (NYSE: ADM) announced last June that its Australian subsidiary had agreed to acquire the 80% or so of Australia’s GrainCorp that it did not already…
ThinkstockIn last week’s SEC filings, investors were given a chance to see which stocks have been bought and sold by Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A). While new stakes were seen…
August 6, 2013: U.S. equity markets opened lower this morning even following a reported increase in U.S. exports and a decrease in U.S. imports that put the country’s trade deficit at its…
ThinkstockArcher Daniels Midland Co. (NYSE: ADM) reported second-quarter 2013 earnings this morning. The agribusiness giant posted adjusted diluted earnings per share (EPS) of $0.46 on revenues of $22.54 billion. In the same…
August 5, 2013: U.S. equity markets opened lower this morning, lacking any major news of interest from around the globe. In Europe, eurozone non-manufacturing PMI rose slightly even though German PMI was…
ThinkstockBy now, anyone paying any attention to gasoline prices has run into the term “blend wall,” which is the point at which mandated ethanol production matches or exceeds ethanol demand. Because gasoline…
Jon OggInvestors and traders are constantly on the hunt for new research ideas that will generate higher income or more profits. 24/7 Wall St. reviews many analyst research calls from Wall Street…
ThinkstockThe shrinking differential between the price of West Texas Intermediate (WTI) and Brent crude gets the lion’s share of the blame for last night’s announcement from Valero Corp. (NYSE: VLO) that net…
ThinkstockU.S. agribusiness giant Archer Daniels Midland Co. (NYSE: ADM) this morning announced that its Australian subsidiary has offered to buy the approximately 80% of Australia’s GrainCorp Ltd. that it does not already…
Courtesy Maersk LineOver the past decade, U.S. exports to China have grown at an annual rate of nearly 17% each year. In 2012 alone, the 50 states shipped more than $100 billion…
ThinkstockThe U.S. Energy Information Administration (EIA) has released its annual report on U.S. ethanol production capacity for 2013. The 193 U.S. ethanol plants have a total capacity of 903,000 barrels a day,…
White House Photo by Pete SouzaBerkshire Hathaway Inc. (NYSE: BRK-A) and Warren Buffett released the conglomerate’s stock holdings as of March 31, 2013. This 13F filing with the SEC shows that the…
TwitterThis weekend will mark yet another annual shareholder meeting for Berkshire Hathaway Inc. (NYSE: BRK-A). Warren Buffett has even started to use Twitter to kick off what is often called The Woodstock…
U.S. equity markets opened higher this morning, buoyed by a smaller-than-expected total of new claims for unemployment benefits in the U.S. (more coverage here). The U.S. trade deficit also fell while unit…