Customer inventory pipelines are lean and in need of restocking, so demand should remain strong. Farmers in South America are responding with record production.
Farmers in South America responded with record production and farmers in the Northern Hemisphere are expected to respond similarly ... The logistics congestion in Brazil is improving, but delays will continue to persist until the U.S. harvest later this year.
We had a solid first quarter. Our agribusiness team performed well, managing risk in a volatile market environment characterized by tight global supplies and challenging Brazilian logistics ... We are pleased to see sugar & bioenergy get off to a good start to the year, and that food & ingredients continued its strong performance from the second half of last year.More quotes »