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02 December 20242 min reading
CESCO advances strategic grain infrastructure in Cameroon
CESCO announced significant progress in the erection of a modern steel mill building and grain storage facility in Douala, Cameroon.
19 November 20244 min reading
FAO Statistical Yearbook reveals key trends and challenges in global agriculture
The Food and Agriculture Organization of the United Nations (FAO) launched its 2024 Statistical Yearbook, offering an in-depth overview of the most significant trends shaping global agrifood systems.
15 November 20242 min reading
SovEcon raises 2024 Ukraine corn crop and export estimates, projects slightly lower wheat production in 2025
SovEcon, a leading Black Sea grain consultancy, has updated its forecasts for Ukraine’s 2024 grain production and exports, increasing its corn crop and export estimates.
14 November 20242 min reading
CESCO validates high-performance bagging system for UFC's grain facility in Saudi Arabia
CESCO, a global leader in grain handling, storage, and processing solutions, has announced the successful completion of the Factory Acceptance Test (FAT) for a high-capacity bagging line system as part of its extensive project with United Feed Company (UFC) in Saudi Arabia.
Cover Story
COVER STORY
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08 November 20249 min reading
Flour mill analysis and adjustment methods
Maintenance and machine adjustment in milling operations is fundamental to the success of flour production.
07 November 20241 min reading
Mastering maintenance and machine adjustment in milling operations
Maintenance and machine adjustment in milling operations is fundamental to the success of flour production.
09 October 20244 min reading
Reimagining grain storage: How square silos are changing the game
As global food demand continues to rise, the need for efficient, reliable grain storage solutions becomes increasingly important.
09 October 20247 min reading
Safeguarding grains: Balancing food safety, quality, and sustainability
In an era marked by significant climatic shifts and growing food security concerns, the principle “every single grain counts” has never been more relevant.
Interview
INTERVIEW
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07 November 20246 min reading
War and Wheat: How global conflicts threaten grain supply chains
In a world increasingly shaped by geopolitical tensions and conflicts, Dennis Voznesenski’s new book, War and Wheat: Navigating Markets During Global Conflict, offers a timely and insightful analysis of the agricultural sector’s response to war.
01 November 20246 min reading
War, Grain, and Flour: The current state of Ukraine's flour milling industry
In the face of war and economic instability, Ukraine's agricultural sector is facing serious challenges.
09 October 20247 min reading
Wheat import ban threatens Turkey’s flour export leadership
“The import ban on wheat imposed by TMO until October 15 has been an extremely challenging period for our sector. The ban on imports and the uncertainty in wheat prices have created serious difficulties in maintaining our leadership position in the global market. During this period, our exports have seen an average decrease of 40%. We hope for a swift resolution to restore our export successes. We urge the authorities to support us by providing solutions to ensure we obtain wheat at global prices, so we do not lose our export markets.”
11 September 202419 min reading
Turkish Mercantile Exchange’s 5-Year Journey: How TMEX is Transforming Turkey’s agricultural sector and grain markets
The Turkish Mercantile Exchange (TMEX) is leading the transformation of Turkey's agricultural sector, marked by a remarkable threefold increase in licensed warehouse capacity over five years and the upcoming launch of a futures market by 2025.
Article
ARTICLE
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08 November 20248 min reading
Safety first in grain processing: Protecting grain facilities for a stable food supply
Combustible dust safety in the grain industry is an ongoing challenge that requires continuous attention and improvement.
08 November 20246 min reading
The invisible backbone of superior grain and food processing
In the ever-evolving sphere of industrial food and feed processing, the role of advanced weighing and dosing systems is of profound importance.
09 October 20245 min reading
Weather and geopolitical tensions add pressure to global grain markets
As extreme weather and geopolitical tensions present challenges to global food security, the global grain market is facing significant hurdles.
12 September 20249 min reading
Ensuring optimal grain quality: The future of wheat testing
“Given the diverse quality assessment requirements at different stages of wheat processing— ranging from storage to milling to food production—there is a growing need to explore the current applications of NIR technology in wheat testing..."
Country Profile
COUNTRY PROFILE
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08 November 202413 min reading
Brazil’s Agricultural Landscape: Crop trends, export stats and logistics challenges
As Brazil enters a new planting season, SA Commodities Associate Director Luiz Carlos Santos Jr. provides an in-depth analysis of Brazil’s grain and oilseed landscape.
10 October 20245 min reading
Japan struggles with rice shortfall amid surging prices
Japan is experiencing a shortage of rice, leading to escalating prices and widespread empty shelves in supermarkets, as demand has outstripped supply.
12 September 20249 min reading
Turkey’s new roadmap in grain industry
Grains form the backbone of Turkey’s agricultural production, standing out as an indispensable resource for both plant and animal production.
11 July 20249 min reading
Pakistan’s grain outlook
According to the USDA’s latest June Pakistan country report, wheat production for the marketing year 2024/25 (May-April) is expected to reach a record 31.4 million metric tons (MMT), which is eleven percent higher than last year’s production of 28.2 MMT.
Technology Platform
TECHNOLOGY PLATFORM
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12 August 20249 min reading
Adapting grain management strategies to meet a changing world
In an industry where innovation meets necessity, CESCO EPC GmbH stands out as a model of invention and resilience.
10 June 20244 min reading
Growing global demand fuels innovation in grain logistics
In an interview during the recent IDMA Istanbul Expo, Mehmet Büyükzeren, the General Manager of Yılmaz Kardeş Hydraulic Machinery Industry Co., shares his insights on the critical role of logistics in the global grain trade and the increasing demand for advanced unloading platforms.
10 June 20244 min reading
Turkish milling machinery sector seeks export funding boost
One of our significant visits at the IDMA Expo was Çift Kartal, a stalwart in the milling machinery industry with over half a century of experience.
04 June 20245 min reading
Maxi-Lift’s focus on EAME and APAC markets highlighted at IDMA Expo
In an interview during the IDMA EXPO in Istanbul, André Rigo, International Sales Director of DuraPlas/Maxi-Lift Inc., shared insights on the company’s journey, recent innovations, major projects, and the future of the grain processing industry.
Market Analysis
MARKET ANALYSIS
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01 November 20249 min reading
China’s 2024/25 corn imports: Low-lower-the lowest?
The corn season 2024/25 has started in Ukraine. The country is waiting for Chinese demand, but there are no signs of revival. In the 2023/24 MY (October-September), China already reduced its imports of Ukrainian corn to 4.6 MMT vs 5.5 MMT in the previous season.
10 October 20247 min reading
Turkey’s new wheat import rules & world weather woes
Implementation of Turkish wheat import ban on 21 June 2024 was a heavy bearish factor for Black Sea wheat and freight market.
06 September 20248 min reading
Ukrainian wheat export: From tradition to transition
Ukraine has faced significant challenges in maintaining its traditional markets in North Africa, the Middle East, and Southeast Asia – particularly in Egypt, Turkey, and Indonesia – since the onset of the war.
09 August 202410 min reading
Upcoming barley trends or how to ride the wave?
The prospects of Ukrainian barley export in 2024/25 MY may seem quite gloomy from the point of view of potential buyers’ demand, as such key destinations like Spain and China may reduce purchases.
Idma Today
IDMA TODAY
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11 June 20245 min reading
IDMA Today and BBM Mutfak bring dynamism and flavors to IDMA
At IDMA Istanbul, the industry witnessed the debut of two initiatives by Parantez Media:
09 May 20243 min reading
TABADER hosts 5th Doyens Award Night
Simultaneously organized with IDMA Istanbul, the fifth edition of TABADER’s now customary Doyens Award Ceremony took place on May 2nd at Wow Hotel.
08 May 20244 min reading
IDMA Istanbul hosts pulse of grain processing industry with 10,000 visitors from 120 countries
The global grain processing industry convened in Istanbul. The domestic sector, specializing in flour, grain, feed, pulses production equipment, and milling machinery, crucially exporting 90 percent of its output, gathered with over 10,000 professionals from 120 countries at the 10th IDMA Istanbul.
04 May 20242 min reading
Turkish-Moroccan flour industry bond strengthened at IDMA Expo
In an exclusive interview during the IDMA Expo in Istanbul, Moulay Abdelkadir Alalaoui, President of the Moroccan Flour Milling Federation (FNM), provides a comprehensive overview of the state of flour milling in Morocco and its relationship with Turkey.

BLOG

ADM’s profit down in the third quarter

09 November 20172 min reading

U.S. agricultural trader Archer Daniels Midland Company’s net earnings of $192 million adjusted segment operating profit down 17 percent on the difficult operating environment, according to its third-quarter report.

Archer Daniels Midland Company (ADM) reported financial results for the third quarter ended September 30, 2017. ADM reported a smaller-than-expected quarterly profit as its core businesses of selling and processing grains took a hit from a glut in the global grain market. Net profit attributable to ADM fell to $192 million, or 34 cents a share, in the latest quarter from $341 million, or 58 cents a share, a year earlier. Revenue for the Chicago, Illinois-based company fell by 6.3 percent to $14.83 billion. “Our third quarter results were below our expectations, as the operating environment in our Ag Services and Oilseeds businesses were more challenging than anticipated,” said ADM Chairman and CEO Juan Luciano in a statement.

Profit in its agricultural services unit, ADM’s biggest, more than halved to $87 million in the third quarter ended Sept. 30, falling well below $142 million estimated by JPMorgan analysts. Its profit from oilseeds business fell by 18 percent to $119 million. A bumper grain and oilseeds harvest have squeezed profits for ADM and rivals Bunge Ltd, Cargill Inc. and Louis Dreyfus Co., collectively known as the ABCD quartet of global grain trading giants. ADM and its rivals have been investing in higher-margin businesses such as food ingredients and natural flavorings to make up for a slump in their core grain trading and processing operations.