NEWS
2012 Drought Affects Ag Giant
Wed Mar 26, 2014 11:21 AM CDT

LONDON (Dow Jones) -- Agricultural trading giant Louis Dreyfus Commodities BV Wednesday reported a sharp dip in profits last year thanks to the aftereffects of a severe drought in the U.S. in 2012.

The company, which together with Archer Daniels Midland, Bunge and Cargill dominates the global trade in agricultural commodities, said net income fell to $640 million last year, compared with $877 million including discontinued operations in 2012.

A poor harvest of grains in the U.S. two years ago created a difficult environment in the first half of 2013 as tight supply limited trading opportunities, Louis Dreyfus said. By ...

Quick View
  • Dr. Dan Talks Agronomy DTN Contributing Agronomist Dan Davidson gives his take on the Six Secrets of Soybean Success pro...
  • Mountain Top Prices North Carolina's mountain cattle producers have always been an independent bunch. But a new allia...
  • Ask The Mechanic Ask the Mechanic answers the question about how VW and German engineering was able to get by with...
  • Senior Partners - 4 Except for family sales, seller financing virtually vanished after the farm crisis of the 1980s w...
  • PNW Ag Hit by Historic Drought In addition to problems with the Northwestern wheat crop, cattle are also being adversely affecte...
  • RFS Deadline Nears With the deadline to file comments on the proposed Renewable Fuel Standard volumes to strike at m...
  • Saving Our Forgotten Harvest About 40% of America's food goes uneaten each year. This nonprofit is working to remedy that prob...
  • Look Beyond Yield Soybean industry increases efforts to promote the importance of oil and protein content to farmer...
  • Ask the Vet Is this fly-control mineral block safe for my whole herd?
Related News Stories
Weak Monsoon Unlikely to Affect Grain
Indian Monsoon Delayed