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Top Story: Page 47
Company News
Major organizational overhaul plan at Cargill leaked
The company is reducing its business units from five to three and appointing new leaders to steer these divisions.
Brand Insights
Thermal Performance and Gearbox Selection for Grain Handling Applications
SEW-EURODRIVE, Inc.
SEW-EURODRIVE’s Austin Burdette discusses heat challenges in grain handling gearboxes and how proper thermal management can reduce downtime and extend equipment life.
Commodities
Uncertainty over rail strike threatens Canada’s export reputation
Negotiations are in flux, with the Canadian Industrial Relations Board considering measures to prevent immediate strike action.
Grain Trade & Export
Surge in corn sales and mixed trends in wheat and soybeans
While sorghum and barley faced downturns, soybean and livestock product trends varied.
Grain Facility Renovations & Builds
Controversial $800 million grain export facility project canceled
Extensive delays in securing federal permits has lead to the project cancellation after over three years of waiting.
Grain Trade & Export
USDA grants $300 million in funding for agricultural exports
The funding will go to diversifying markets with a special focus on emerging regions like Africa.
Regulatory Updates
Feed associations disappointed FDA-AAFCO MOU will expire
Industry expresses concern that dissolving the MOU will increase uncertainty in regulatory review processes for approving new feed ingredients.
Commodities
USDA reports on grain crushings and oilseed production
Corn use for alcohol tapering off slightly but remaining robust year-over-year, but there were notable increases in canola crushings and oil production.
Association News
AAFCO to conclude MOU with FDA on animal feed ingredients
This partnership has been pivotal in defining animal feed ingredients and ensuring industry standards.
Grain Trade & Export
Wheat and corn decline, while soybeans surge in weekly export report
Corn struggled to maintain momentum while sorghum and soybeans experienced robust increases in sales to China and European countries.
Podcasts
NGFA's Harvest Safety Week with Jess McCluer [Podcast]
Discover the importance of Harvest Safety Week, this year's theme, "Participate, Prepare, Protect," and how NGFA's free safety resources aim to keep workers safe during the busy harvest season.
Company News
Bunge reports earnings decline in Q2 2024, adjusts full-year outlook
Net income plummeted to $70 million, impacted by a balanced global supply environment.
Company News
ADM reports Q2 performance amid challenging market conditions
Key segment results include a 12% rise in Carbohydrate Solutions' operating profit and challenges.
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