Grain Trading
Crude oil plunge hits oilseed prices
Oilseed rape prices have weakened recently, driven down by the sharp fall in the price of crude oil, which in turn has reduced demand for biodiesel. At the same time, consumer demand for vegetable oil has risen, but not by enough to offset the losses on the biodiesel...
Turbulent year for Louis Dreyfus
Global agribusiness Louis Dreyfus Company (LDC) has reported lower 2019 results, despite an increase in traded volumes. The Rotterdam-based company posted an EBITDA from continuing operations of $836 million on sales of $33.6 billion in the year to December 31st 2019,...
Challenging year for BayWa agriculture
German conglomerate BayWa has reported increased full year 2019 earnings on higher revenues. But its agricultural activities, which include grain and feed material trader Cefetra, suffered from international trade disputes and weather. The Munich-based group has...
GrainCorp completes United Malt demerger
Australian multinational grain trading and processing group GrainCorp has now completed the long running demerger of its malting interests. The demerger is expected to be effective from April 1st 2020. The new business, which will trade as the United Malt Group,...
COVID-19 advice for cereals supply chain businesses
The Cereals Liaison Group of industry bodies covering the cereals supply chain from farm to mill, has published best practice advice for continuing operations during the COVID-19 pandemic. The guidance includes on-farm deliveries and collections; deliveries to port,...
Weak sterling pushes up UK wheat prices
Wheat prices have firmed sharply in recent days, driven by a sharp fall in the pound, with extra impetus provided by demand from the food industry as it rushes to satisfy consumers stocking up for a coronavirus lockdown. Alastair Pawsey, trader at Harlow Agricultural...
