Swiss grain merchant Ameropa said on Monday it has appointed William Dujardin, a longstanding manager at Bunge (BG), as its next chief executive. Dujardin will take up the post on Jan. 8, Ameropa said in a statement. He will succeed Andreas Zivy, the group's chairman who took on the CEO role earlier this year when Jan Kadanik left the firm.
* Ivory Coast cocoa grinders processed 47,000 tonnes of beans from the start of the season on Oct. 1 to the end of October, data from exporters' association GEPEX showed on Monday.
Louis Dreyfus Company on Monday appointed its head of coffee Michael Gelchie as its new chief operating officer in the latest management reshuffle at the family-held agricultural commodity group. Gelchie will take on the COO role with immediate effect, replacing Andrea Maserati, who is leaving the firm, LDC said in a statement.
Agricultural commodity giant Louis Dreyfus on Monday named Michael Gelchie as its new chief operating officer, while also announcing the departure of executive Andrea Maserati. LDC is one of the so-called "ABCD" quartet of global grain trading giants, alongside Archer Daniels Midland (ADM), Bunge (BG) and Cargill.
Squeeze on farmers underscores the toll the trade war has taken on a critical Trump constituency ahead of the 2020 elections. While the U.S. stock market is soaring to new record highs, farmers are having trouble paying their bills in the heart of America's agricultural sector. U.S. stocks closed at fresh record highs on Friday on revived hopes for a U.S.- China trade deal despite mixed economic data.
By Kris Maher| Photographs by Tim Gruber for The Wall Street Journal. HENDERSON, Minn.-- Doug Wenner can't remember a tougher year to be a farmer. Record rainfall made it difficult to plant and harvest his crops.
Soybeans for January delivery rose 0.2% to $9.18 1/ 4 a bushel on the Chicago Board of Trade on Friday on a trifecta of solid export sales, a record soybean crush and positive comments about U.S.-China trade talks by a White House official. Wheat for December delivery fell 1% to $5.02 3/ 4 a bushel. Corn for December delivery lost 1.2% to $3.71 1/ 4 a bushel.
China Buys More US Pork for 2020-- Market Talk. 09:22 ET- While China bought US pork exports for 2019 delivery, a larger portion of its purchases were for 2020 this week. China was reported as having purchased 9,900 metric tons of pork for 2020-- outpacing the 5,500 tons it purchased for 2019. The opposite was true last week, when China purchased 2,800 tons of US pork for 2019 and actually reduced its 2020 buys by 2,000 tons.
NW_LS446 Des Moines, IA Fri, Nov 15, 2019 USDA Market News WEEKLY USDA BY-PRODUCT DROP VALUE The offal value from a typical slaughter hog for the week ended 11/15/2019 was estimated at 3.59 per cwt live, unchanged when compared to last week. CALCULATIONS FOR BY-PRODUCT VALUE- Lbs Price Change Value Prv/Wk Cheek meat, trimmed 0.28 85.00- 0.24 Chitterlings 1.26 42.00- 0.53 Ears, edible export 0.19 150.00- 0.29 Tongues, grn, bnls, sml bx 0.18 64.00- 0.12 Hearts, slashed, domestic 0.28 53.00-...
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