Archer Daniels Midland News

Finding enough seafarers willing to sail ships stuck inside Ukraine's ports is set to pose a major challenge to the proposed grains corridor designed to ease an international food crisis.Russia and Ukraine last week signed a deal to restart grain and fertilizer exports that have been blocked in the Black Sea and on Wednesday Turkey unveiled a center to coordinate the resumption of shipments.But some 80 ships remain blocked in Ukraine and the evacuation of most of their crew members means more mariners are needed in the region to get the cargoes moving.Henrik Jensen…

U.S. grains merchant Archer-Daniels-Midland Co said on Tuesday it has carried out the largest soybean shipment in the history of the Ponta da Montanha Grain Terminal (TGPM), located in the northern Brazilian city of Barcarena, as it shipped 84,802 tonnes in a single vessel.It also represented the largest volume ever shipped on a grain vessel from ports located in the Amazon Basin, the company told Reuters."This showed us that we have one more option to move soybeans through the TGPM, using our own vessel...

The first bulk U.S. soybean cargo from the Texas Gulf Coast in about six months was loaded and shipped last week from a Cargill Inc terminal, in a sign of shifting trade flows in the wake of Hurricane Ida, traders and shipping sources said.The vessel Spar Rigel was loaded early last week with about 55,000 tonnes of soybeans at Cargill's Houston terminal, an outlet that typically loads mostly wheat and sorghum grown nearby, according to a shipping vessel lineup seen by Reuters.The uncommon shipment is the first of several soybean cargoes expected to load at Cargill's Texas facility this autumn after one of the company's two terminals at the Louisiana Gulf Coast - the country's top outlet for corn and soy shipped down the Mississippi River - was severely damaged by Ida on Aug.

U.S. soybean exports jumped last week to a six-month peak, while corn shipments were the highest in a month as Louisiana Gulf Coast terminals steadily ramped up operations disrupted nearly a month ago by Hurricane Ida, preliminary data showed on Monday.The export pace remained well below normal for this time of year as some terminals remain shuttered or running at reduced capacity after the storm flooded and damaged some facilities and wrecked the region's power grid.Ida crippled overseas grain shipments weeks before the start of the Midwest harvest and the busiest period for U.S.

U.S. grain exports increased last week as shippers along the Louisiana Gulf Coast recovered from flooding and widespread power outages caused by Hurricane Ida's Aug. 29 landfall, but volumes were much lower than normal, preliminary data showed on Monday.Just seven export vessels were loaded with grain and soybeans at Louisiana Gulf Coast terminals in the week ended Sept. 16, down from 23 vessels in the same week last year, U.S. Department of Agriculture (USDA) data showed.Ida crippled overseas grain shipments weeks before the start of the Midwest harvest and the busiest period for U.S.

Barge freight costs for moving grains in the Midwestern United States spiked on Thursday due to ongoing logistical problems more than two weeks after Hurricane Ida, while CHS Inc said the timeline to reopen its terminal remains uncertain.CHS Inc, a farmer cooperative and grain trader, said it expected its Myrtle Grove, Louisiana, grain export terminal to be operational by the height of the U.S. corn and soy harvest but could not be more specific.The terminal, which unloads grain barges and loads ocean-going vessels for export…

U.S. grain exports slumped to their lowest level in years last week as shippers struggled to restart loading operations along the Louisiana Gulf Coast after Hurricane Ida flooded and damaged grain terminals and knocked out power across the region, preliminary data showed on Monday.Weekly U.S. Department of Agriculture (USDA) grain inspections data, an early indicator of shipments abroad, showed the volume of corn weighed and certified for export last week was the lowest in 8-1/2 years as no grain was inspected along the Louisiana Gulf Coast, the busiest outlet for U.S.

Louisiana Gulf Coast grain exports are slowly ramping up after a nearly two-week halt due to damage from Hurricane Ida, with at least two large terminals loading vessels and power steadily being restored to others, government and shipping sources said on Thursday.More than 50 oceangoing vessels have lined up along the lower Mississippi River waiting to dock and be loaded with soybeans or grain, according to Refinitiv Eikon shipping data and industry vessel lineup summaries seen by Reuters.Restoring shipments from the busiest U.S.

Grain shippers on the U.S. Gulf Coast reported more damage from Hurricane Ida to their terminals on Wednesday as Cargill Inc confirmed damage to a second facility, while power outages across southern Louisiana kept all others shuttered.Global grains trader Cargill Inc said its Westwego, La., terminal was damaged by Ida, days after confirming more extensive damage at its only other Louisiana grain export facility, located in Reserve.Ida, which roared ashore on Sunday, has disrupted grain and soybean shipments from the Gulf Coast, which accounts for about 60% of U.S.

Hurricane Ida damaged a Louisiana grain export elevator owned by global grain trader Cargill Inc and disrupted export operations at the busiest bulk grain export facilities in the United States on Monday.Cargill said its Reserve, Louisiana, terminal, one of two the company operates along the Mississippi River near the Gulf of Mexico, "sustained significant damage" from the storm, which roared ashore as a powerful Category 4 hurricane.Rival crop traders Bunge Ltd and Archer-Daniels…

Three ships carrying ethanol were heading to China from the U.S. Gulf Coast, three trade sources told Reuters on Monday, a sign that ethanol exports from the United States to the country are increasing drastically.The shipments may surpass the total amount of U.S. ethanol that China imported last year, a positive development for the U.S. ethanol industry, which has seen decreased demand because of the coronavirus pandemic and the U.S.-China trade war.The ships each have a capacity of around 30…

The inland waterway system, flowing through the United States heartland, is a microcosm of all that has been happening in 2020: trade tensions, infrastructure issues, shifting trends in fuel consumption and the pandemic that has gripped us since the winter months. Shortly after the initial coronavirus outbreak here in the U.S., maritime workers were deemed to be “essential”, paving the way for cargo flows to recover from their springtime nadir. As COVID-19 infections turned up on U.S. shores, the boats continued plying the waterways, albeit with reduced volumes in some cases.

Farm supplier CHS Inc has dozens of loaded barges trapped on the flood-swollen Mississippi River near St. Louis - about 500 miles from the company's two Minnesota distribution hubs.The barges can't move - or get crucial nutrients to corn farmers for the spring planting season - because river locks on the main U.S. artery for grain and fertilizer have been shuttered for weeks. High water presents a hazard for boats, barges and lock equipment.Railroads have also been plagued by delays from winter weather and flooding in the western Midwest…

Louis Dreyfus Company announced the surprise departures of its chief executive and head of finance on Tuesday, triggering another reshuffle at the commodities giant as it strives to recover from weak agricultural markets.The group said in a statement that Gonzalo Ramirez Martiarena had resigned as CEO after three years in the post to pursue other opportunities, and would be replaced with immediate effect by Ian McIntosh, previously chief strategy officer.British national McIntosh…

A vessel carrying 58,503 tonnes of sorghum from the United States switched its destination from China to South Korea early on Thursday, according to Thomson Reuters Eikon ship tracking data. The Peak Pegasus loaded U.S. sorghum from trader ADM's Corpus Christi grain elevator in Texas and departed on April 3 for Nansha in southern China, according to U.S. Department of Agriculture data. It is now due to arrive in Gunsan in South Korea on May 10, according to the data. The cargo is one of almost two dozen bought by China but now stranded after Beijing said it would impose a hefty deposit on U.S. shipments of the grain in an anti-dumping probe.

U.S. ethanol makers have joined global livestock producers to snap up discounted American sorghum supplies after buyers in China backed out of deals due to stiff anti-dumping tariffs on the grain imposed by Beijing in a mounting trade dispute. Sorghum is used to feed animals and represents a fraction of the billions of dollars of goods that move between the world's two largest economies. The trade conflict between the United States and China has already hit shipments of agricultural produce and threatens to disrupt the flow of everything from steel to electronics. China is the biggest buyer of U.S. sorghum, and the exit of Chinese buyers from the market caused sorghum prices to fall.

Four U.S. sorghum shipments initially bound for China have been diverted to other countries after Beijing's move last week to impose hefty anti-dumping deposits on imports of the grain from the United States, according to trade sources and Reuters shipping data.Three of the cargoes are now sailing for Saudi Arabia after being sold to a private buyer, a U.S. trader and a Middle East-based trading source with knowledge of the matter said Tuesday. A fourth ship is heading to Japan…

Several ships carrying cargoes of sorghum from the United States to China have changed course since Beijing slapped hefty anti-dumping deposits on U.S. imports of the grain, trade sources and a Reuters analysis of export and shipping data showed.Sorghum is a niche animal feed and a tiny slice of the billions of dollars in exports at stake in the trade dispute between the world's two largest economies, which threatens to disrupt the flow of everything from steel to electronics.The supply-chain pain felt by sorghum suppliers on the Pacific, Atlantic and Indian oceans underscores how quickly the mounting trade tensions between the U.S.

Trucks will be able to access a blocked entrance at Santos, Brazil's largest port, at night while firefighters finish extinguishing a blaze at a nearby fuel-storage facility, city and port authorities said. The more flexible rules will provide some relief for grain exports that have slowed since Monday, when authorities restricted truck access to terminals on one side of the port while flames are extinguished. The firefighters' office in Sao Paulo state said via Twitter that one of six fuel tanks at the facility operated by Ultracargo, a unit of Brazilian chemical and fuel-distribution company Grupo Ultra, was still on fire. Highway police are escorting truck convoys past the blocked entrances, and 750 passed through in a convey on Tuesday.

The Baltic Exchange is looking into launching freight indexes for grains and liquefied natural gas (LNG) as the London-run business targets new markets after its acquisition by Singapore Exchange last year, the Baltic's chief executive said. Founded in 1744 as a forum for chartering vessels, the Baltic Exchange now produces benchmark indexes for global shipping rates and owns a trading platform for the multi-billion dollar freight derivatives market. SGX's ownership of the Baltic has enabled the exchange to set its sights on developing new areas…

Archer Daniels Midland Company (ADM) and Norton Lilly International announced that their steamship agency joint venture, Agri Port Services LLC, has acquired Brazilian port and shipping agency Blue Ocean Agencia Maritima Ltda. ADM was previously a part owner in Blue Ocean. Blue Ocean services oceangoing vessels at ports throughout Brazil and maintains offices in the strategic ports of Santos and Paranagua. The company serves as a shipping agent for both inbound and outbound vessels, coordinating vessel clearance, loading/discharging operations, vessel logistics and support, vessel resupply, and cargo and customs documentation. “ADM’s ability to offer logistics services and expertise throughout the value chain is one of the things that sets us apart…

Grain barge shipping came to a near standstill in parts of the U.S. Midwest on Thursday as recent heavy rain and melting snow swelled rivers, halted barge loading and sidelined the towboats that haul farm belt crops to Gulf Coast export terminals. The flooded waterways sent cash premiums for corn barges delivered to Gulf Coast terminals soaring. Rates hit peaks on Thursday that have not been seen in 18 months, as exporters scrambled to secure enough grain to top off vessels bound for overseas markets, traders said. Barge lines suspended operations on northern sections of the Illinois River, with water levels already near record crests, or forecast to reach those levels by the weekend, according to National Weather Service river forecasts.

American River Transportation Company (ARTCO), a subsidiary of Archer Daniels Midland Company (ADM), today announced plans to launch new barge fleeting and switching operations in the Cairo, Illinois, harbor starting January 1, 2016. The Cairo harbor is a vital hub in the inland waterway supply chain. The new operation will be based in Wickliffe, Kentucky, and will provide fleeting and switching operations from mile 948 on the Lower Mississippi River to mile 29 on the Upper Mississippi and mile 974 on the Ohio River. “ARTCO is the only company in the inland waterway system that can provide a self-contained supply chain to our customers, which allows us to provide better, more efficient and cost-effective service,” said Jason Porter, vice president, ARTCO operations.