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LDC Profits Rebound During Pandemic

Company is bringing in investor with 45% stake sold to ADQ

March 26, 2021

Louis Dreyfus Co. (LDC) said its profits rebounded last year, supported by robust food demand and rising prices during the COVID-19 pandemic, in a further financial boost to the family-owned firm after a deal to bring in a new shareholder.

Reuters reports the 170-year-old global merchant, controlled by Margarita Louis-Dreyfus, ended a long hunt for an investor in November by agreeing to sell a 45% stake to Abu Dhabi investment firm ADQ.

LDC’s net income rose 66% to $382 million in 2020, while earnings before interest, tax, depreciation and amortisation (EBITDA) from continuing operations increased 58% to $1.324 billion.

USDA awards $25 million to boost specialty crop exports

U.S. Department of Agriculture Acting Deputy Undersecretary for Trade and Foreign Agricultural Affairs Jason Hafemeister was among the first speakers at Export Exchange 2024, held this week in Fort Worth, Texas.

Export Exchange highlights global grain trade opportunities

Grain Processing

Growth Energy celebrates milestone in expanding E15 and E85 fuel access

This milestone will generate an additional 100 million gallons of bioethanol demand annually.

Gas Pump E15 Blend Pixabay

Brand Insights

Setting the Agricultural Industry in Motion

SEW-EURODRIVE, Inc.

Learn about the more commonly used drive solutions from SEW-EURODRIVE for the agriculture industry that help keep the most demanding processes up and running without missing a beat.

Setting the Agricultural Industry in Motion

USGC study on US corn’s efficiency advantages in feed milling

Initial lab results reveal that U.S. corn’s softer endosperm reduces energy costs and boosts digestibility in poultry and swine diets.

Corn Feild In Sun Pixabay

Grain Processing

ADM shutters Iowa soybean plant, tightening soymeal supply

The closure, which follows a consent decree for air quality compliance, has sparked concerns among farmers and traders.

Regulatory Updates

OSHA launches safety initiative for Missouri’s grain handling industry

The program aims to reduce risks such as engulfment, fires, and equipment entanglements.

Grain Trade & Export

US export sales show strong performance

Despite strong demand from Asia and Latin America, fluctuating exports suggest logistical challenges.

Silos 1598168 1280

Possible economic impacts of the port strike [Podcast]

From supply chain disruptions to inflation risks, they analyze the potential short- and long-term impacts on agriculture and beyond.

Possible Economic Impacts Of The Port Strike

Editor’s View

The evolution of technology and communication in grain merchandising

Barchart’s Andrew Ward reflects on grain trading innovations, from electronic contracts to the latest industry-tailored CRM systems.

Old Office Desk

Missouri researcher aims to develop drought-resistant soybeans

The project aims to enhance the crop’s water retention and cooling mechanisms, supporting Missouri farmers in facing unpredictable weather.

Sunny Soybean Field Growing

Bushel report reveals surge in digital payment adoption among farmers

Despite over 70% of grain settlements still being processed via paper checks, this represents a 12% drop year-over-year.

Strike paralyzes US Atlantic and Gulf Coast ports

The USDA has reassured the public, stating that current domestic agricultural production and alternative export channels can mitigate the strike’s effects.

Bollard Port Over Water

USDA reports major surge in corn and soybean stocks

The report also highlighted a 9% increase in US wheat production.

Cornfield 902877 1280

Revolutionizing grain bin safety with Grain Weevil [Podcast]

This innovative robot, which uses auger-based propulsion, can level grain, break up crusts and help optimize grain quality.

Fg Podcast Leah Wilkinson

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