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
  • Crop Tech Corner In this week's Crop Tech Corner, a community of Arkansas farmers have successfully banded togethe...
  • Market News AgriClear is not an auction, but an online digital sales floor where buyers and sellers negotiate...
  • UAS Research Takes Off Key members of the House and Senate last week praised the Federal Aviation Administration for sel...
  • "Total Market Isn't Dead" Used equipment inventories are escalating.
  • Rain, Rain, Go Away Waterlogged and flooded fields in much of the Midwest are putting corn and soybean fields at risk...
  • Feds to Examine Biotech Rules In a memo to USDA, FDA and EPA, the White House stated that a review of biotech regulations was n...
  • Evolution of Farm Kid Jobs DTN Staff Reporter Russ Quinn reflects on the farm activities of his youth that his children will...
  • IARC: Possible 2,4-D Cancer Link The International Agency for Research on Cancer has classified the herbicide 2,4-D as possibly ca...
  • Ask the Vet How do I know what minerals my cows need and how much?
Related News Stories
Weak Monsoon Unlikely to Affect Grain
Indian Monsoon Delayed
Exporters Report Sorghum Sale