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Stock Market & Financial Investment News

News Breaks
May 22, 2014
09:07 EDTADMArcher Daniels says aiming for $400M cost savings run rate by year's end
Says has a balanced approach to capital allocation in FY14. Says on track to return $1.4B shareholders. Says expects FY14 CapEx of $1.2B, and that includes $100M for initial phase of ERP. Says aiming for $400M cost savings run rate by year end. Says the company is reviewing its cash conversion cycle in all businesses globally. Says identified additional $500M in opportunities and pursuing them aggressively. Says investing in growth that supports the company's return objectives, further enhancing shareholder value. Comments taken from the company's slides at the BMO Farm to Market conference.
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September 11, 2014
12:03 EDTADMUSDA raises U.S. corn yield forecast to record
In its monthly World Agricultural Supply and Demand Estimates, or WASDE, report, the U.S. Department of Agriculture's corn yield forecast is raised 4.3 bushels per acre to a record 171.7 bushels. Corn production for 2014/15 is forecast 363 million bushels higher at a record 14,395 million bushels. Total 2014/15 corn usage is projected at 13,605 million bushels, up 170 million from last month. Although a record, usage is expected up just 5 million bushels from 2013/14 as export prospects remain constrained by large foreign carryin stocks, the USDA wrote. Publicly traded companies in the agriculture space include Agrium (AGU), Andersons (ANDE), Archer Daniels (ADM), Bunge (BG), CF Industries (CF), Compass Minerals (CMP), DuPont (DD), Intrepid Potash (IPI), Monsanto (MON), Mosaic (MOS), Potash (POT) and Syngenta (SYT).

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