Latest news with #agriculturalcommodities
Yahoo
16 hours ago
- Business
- Yahoo
Why Archer-Daniels-Midland Is a Strong Halal Dividend Stock Choice
Archer-Daniels-Midland Company (NYSE:ADM) is included among the 11 Best Halal Dividend Stocks to Buy Now. A wheat field at sunset, showing the company's commitment to agricultural commodities. Archer-Daniels-Midland Company (NYSE:ADM) stands out as a top player in both human and animal nutrition, as well as a key global force in agricultural sourcing and processing. Its various business divisions, especially the more profitable Nutrition segment, help strengthen its overall stability. Although the Ag Services & Oilseeds unit operates in a high-volume, low-margin environment influenced by commodity price swings, ADM has managed to steadily grow its earnings over time. Archer-Daniels-Midland Company (NYSE:ADM) reported mixed earnings in the first quarter of 2025. The company posted revenue of $20.1 billion, down 7.7% from the same period last year. The revenue also missed analysts' estimates by $1.9 billion. The company highlighted that it has made progress on several elements of its internal improvement strategy. This included enhancing operations in North America, achieving cost reductions through specific operational and organizational adjustments, making headway in streamlining its portfolio, and maintaining a disciplined stance on capital allocation. Archer-Daniels-Midland Company (NYSE:ADM) reported a strong cash position, ending the quarter with $864 million available in cash and cash equivalents. The company's operating cash flow before working capital was $439 million. ADM is a Dividend King with 52 consecutive years of dividend growth under its belt. In addition, it has paid uninterrupted dividends to shareholders for 90 years straight. Currently, Archer-Daniels-Midland Company (NYSE:ADM) offers a quarterly dividend of $0.51 per share and has a dividend yield of 3.75%, as of July 18. It is among the best halal stocks that pay dividends. While we acknowledge the potential of ADM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
03-07-2025
- Business
- Zawya
Corn climbs to 2-week high; soybeans, wheat also firm
SINGAPORE/PARIS - Chicago corn climbed to a more than two-week high on Thursday, while soybeans rose for a fifth consecutive session with bargain-buying supporting both markets after recent losses. Wheat also firmed, rising to a more than one-week high on positioning ahead of the U.S. Independence Day holiday weekend, with markets closed on Friday. "U.S. weather is pretty normal for corn and we have (a) big supply coming from Brazil," said one broker of agricultural commodities. "Prices are going to remain under pressure but a lot of news on the supply front has already been factored into the market and there is likely to be some buying interest at these levels." The most-active corn contract on the Chicago Board of Trade (CBOT) rose 1.3% to $4.39-1/4 a bushel as of 1143 GMT, after hitting its highest since June 16 earlier in the session at $4.40-1/4 a bushel. Soybeans gained 0.6% to $10.54-1/4 a bushel and wheat rose 0.3% to 5.65-1/2 a bushel. Largely favourable crop development weather had dragged corn and soybean prices to multi-month lows in recent sessions as warm temperatures and timely rains boosted U.S. harvest prospects. The optimal conditions coincide with harvesting by rival exporter Brazil of what some analysts expect to be a record second-corn crop. Abundant supplies are hanging over the wheat market, with U.S. farmers progressing with their harvests, while crops in Europe and the Black Sea region are expected to be sizeable despite harsh weather, including a heatwave in western Europe this week where the harvest is in full swing. Dry weather in southern Ukraine during sowing and plant growth stages has significantly reduced winter wheat and barley yields, scientists at the Ukrainian National Academy of Agrarian Sciences said on Wednesday. The country will start exporting wheat from the 2025 harvest in mid-July and its export prices could rise by $20 to $30 per metric ton later this year, reflecting a global shortage of supply, a producers' union UAC said on Thursday. Commodity funds were net buyers of CBOT corn, wheat, soybean and soybean oil futures contracts on Wednesday and net sellers of soymeal, traders said. Prices at 1043 GMT Last Change Pct Move CBOT wheat 565.50 1.50 0.27 CBOT corn 439.25 5.75 1.33 CBOT soy 1054.25 6.25 0.60 Paris wheat 198.00 2.25 1.15 Paris maize 201.25 2.25 1.13 Paris rapeseed 465.00 -3.75 -0.80 Euro/dlr 1.18 0.00 0.00 Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per tonne
Associated Press
24-06-2025
- Business
- Associated Press
Davis Commodities Limited Announces Results of Extraordinary General Meeting
SINGAPORE, June 24, 2025 (GLOBE NEWSWIRE) -- Davis Commodities Limited (the 'Company') (Nasdaq: DTCK), a leading Singapore-based agricultural commodities trader, has announced that the resolutions proposed at the Company's Extraordinary General Meeting held on June 23, 2025 were duly passed by the shareholders of the Company. Specifically, the Company's shareholders passed the following resolutions approving: 1. As a special resolution, the re-classification and re-designation of the authorised share capital of the Company of US$100,000.11 divided into 232,500,000,000 ordinary shares with a par value of US$0.000000430108 each (the 'Ordinary Shares') as follows: (i) all the authorized and issued and outstanding Ordinary Shares held by existing shareholders of the Company, except (a) the 15,056,700 Ordinary Shares held by Davis & KT Holdings Pte. Ltd. and (b) the 1,458,281 Ordinary Shares held by Mr. Lek Pow Sheng, Pauson, be re-designated and re-classified as class A ordinary shares with a par value of US$0.000000430108 each (the 'Class A Ordinary Shares') on a one for one basis; and (ii) the 15,056,700 authorized and issued and outstanding Ordinary Shares held by Davis & KT Holdings Pte. Ltd. be re-designated and re-classified as 15,056,700 class B ordinary shares with a par value of US$0.000000430108 each (the 'Class B Ordinary Shares') and the 1,458,281 authorised and issued and outstanding Ordinary Shares held by Mr. Lek Pow Sheng, Pauson be redesignated and re-classified as 1,458,281 Class B Ordinary Shares; and (iii) 232,472,014,356 authorized but unissued Ordinary Shares be re-designated and re-classified into 232,472,014,356 Class A Ordinary Shares with a par value of US$0.000000430108 each; and (iv) the 3,485,019 authorized but unissued Ordinary Shares be re-designated and re-classified into 3,485,019 Class B Ordinary Shares with a par value of US$0.000000430108 each, in each case having the rights and subject to the restrictions set out in the Amended M&A (as defined below) to be adopted, and following which the authorized share capital of the Company shall be US$100,000.11 divided into 232,480,000,000 Class A Ordinary Shares and 20,000,000 Class B Ordinary Shares, with the power for the Company, insofar as is permitted by law, to redeem or purchase any of its shares and to increase or reduce the said share capital subject to the provisions of the Companies Act (As Revised) and the Articles of Association of the Company and to issue any part of its capital, whether original, redeemed or increased, with or without any preference, priority or special privilege or subject to any postponement of rights or to any conditions or restrictions; and so that, unless the conditions of issue shall otherwise expressly declare, every issue of shares, whether declared to be preference or otherwise, shall be subject to the power hereinbefore contained. (the 'Alteration of Share Capital', and the proposal, the 'Alteration of Share Capital Proposal') 2. As a special resolution, the adoption of the third amended and restated memorandum and articles of association of the Company (the 'Amended M&A') in substitution for the existing memorandum and articles of association of the Company (the 'Amendment to the M&A', and the proposal, the 'Amendment to the M&A Proposal') as follows: 'IT IS HEREBY RESOLVED, as a special resolution, that, subject to the effectiveness of the Alteration of Share Capital, the Company adopts the third amended and restated memorandum and articles of association attached hereto as Annex A (the 'Amended M&A') in substitution for and to the exclusion of the existing memorandum and articles of association of the Company'. 3. To authorize the adjournment of the Extraordinary General Meeting, if necessary, to solicit additional proxies if there are not sufficient votes at the time of the Extraordinary General Meeting or adjournment or postponement thereof to approve of the foregoing proposals (the 'Authorization to Adjourn the Meeting', and the proposal, the 'Authorization to Adjourn the Meeting Proposal'). About Davis Commodities Limited Based in Singapore, Davis Commodities Limited is an agricultural commodity trading company that specializes in trading sugar, rice, and oil and fat products in various markets, including Asia, Africa and the Middle East. The Company sources, markets, and distributes commodities under two main brands: Maxwill and Taffy in Singapore. The Company also provides customers of its commodity offerings with complementary and ancillary services, such as warehouse handling and storage and logistics services. The Company utilizes an established global network of third-party commodity suppliers and logistics service providers to distribute sugar, rice, and oil and fat products to customers in over 20 countries, as of the fiscal year ended December 31, 2024. For more information, visit Forward-Looking Statements This press release contains certain forward-looking statements, within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by terms such as 'believe,' 'project,' 'predict,' 'budget,' 'forecast,' 'continue,' 'expect,' 'anticipate,' 'estimate,' 'intend,' 'strategy,' 'future,' 'opportunity,' 'plan,' 'may,' 'could,' 'should,' 'will,' 'would,' and similar expressions or negative versions of those expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, therefore, subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements contained in this press release. The Company's filings with the SEC identify and discuss other important risks and uncertainties that could cause events and results to differ materially from those indicated in these forward-looking statements. Forward-looking statements speak only as of the date on which they are made. Readers are cautioned not to place undue reliance upon forward-looking statements. Davis Commodities Limited assumes no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. For more information, please contact: Davis Commodities Limited Investor Relations Department Email: [email protected] Celestia Investor Relations Dave Leung Email: [email protected]
Yahoo
24-06-2025
- Business
- Yahoo
Davis Commodities Limited Announces Results of Extraordinary General Meeting
SINGAPORE, June 24, 2025 (GLOBE NEWSWIRE) -- Davis Commodities Limited (the 'Company') (Nasdaq: DTCK), a leading Singapore-based agricultural commodities trader, has announced that the resolutions proposed at the Company's Extraordinary General Meeting held on June 23, 2025 were duly passed by the shareholders of the Company. Specifically, the Company's shareholders passed the following resolutions approving: 1. As a special resolution, the re-classification and re-designation of the authorised share capital of the Company of US$100,000.11 divided into 232,500,000,000 ordinary shares with a par value of US$0.000000430108 each (the 'Ordinary Shares') as follows: (i) all the authorized and issued and outstanding Ordinary Shares held by existing shareholders of the Company, except (a) the 15,056,700 Ordinary Shares held by Davis & KT Holdings Pte. Ltd. and (b) the 1,458,281 Ordinary Shares held by Mr. Lek Pow Sheng, Pauson, be re-designated and re-classified as class A ordinary shares with a par value of US$0.000000430108 each (the 'Class A Ordinary Shares') on a one for one basis; and(ii) the 15,056,700 authorized and issued and outstanding Ordinary Shares held by Davis & KT Holdings Pte. Ltd. be re-designated and re-classified as 15,056,700 class B ordinary shares with a par value of US$0.000000430108 each (the 'Class B Ordinary Shares') and the 1,458,281 authorised and issued and outstanding Ordinary Shares held by Mr. Lek Pow Sheng, Pauson be redesignated and re-classified as 1,458,281 Class B Ordinary Shares; and (iii) 232,472,014,356 authorized but unissued Ordinary Shares be re-designated and re-classified into 232,472,014,356 Class A Ordinary Shares with a par value of US$0.000000430108 each; and (iv) the 3,485,019 authorized but unissued Ordinary Shares be re-designated and re-classified into 3,485,019 Class B Ordinary Shares with a par value of US$0.000000430108 each, in each case having the rights and subject to the restrictions set out in the Amended M&A (as defined below) to be adopted, and following which the authorized share capital of the Company shall be US$100,000.11 divided into 232,480,000,000 Class A Ordinary Shares and 20,000,000 Class B Ordinary Shares, with the power for the Company, insofar as is permitted by law, to redeem or purchase any of its shares and to increase or reduce the said share capital subject to the provisions of the Companies Act (As Revised) and the Articles of Association of the Company and to issue any part of its capital, whether original, redeemed or increased, with or without any preference, priority or special privilege or subject to any postponement of rights or to any conditions or restrictions; and so that, unless the conditions of issue shall otherwise expressly declare, every issue of shares, whether declared to be preference or otherwise, shall be subject to the power hereinbefore contained. (the 'Alteration of Share Capital', and the proposal, the 'Alteration of Share Capital Proposal') 2. As a special resolution, the adoption of the third amended and restated memorandum and articles of association of the Company (the 'Amended M&A') in substitution for the existing memorandum and articles of association of the Company (the 'Amendment to the M&A', and the proposal, the 'Amendment to the M&A Proposal') as follows: 'IT IS HEREBY RESOLVED, as a special resolution, that, subject to the effectiveness of the Alteration of Share Capital, the Company adopts the third amended and restated memorandum and articles of association attached hereto as Annex A (the 'Amended M&A') in substitution for and to the exclusion of the existing memorandum and articles of association of the Company'. 3. To authorize the adjournment of the Extraordinary General Meeting, if necessary, to solicit additional proxies if there are not sufficient votes at the time of the Extraordinary General Meeting or adjournment or postponement thereof to approve of the foregoing proposals (the 'Authorization to Adjourn the Meeting', and the proposal, the 'Authorization to Adjourn the Meeting Proposal'). About Davis Commodities Limited Based in Singapore, Davis Commodities Limited is an agricultural commodity trading company that specializes in trading sugar, rice, and oil and fat products in various markets, including Asia, Africa and the Middle East. The Company sources, markets, and distributes commodities under two main brands: Maxwill and Taffy in Singapore. The Company also provides customers of its commodity offerings with complementary and ancillary services, such as warehouse handling and storage and logistics services. The Company utilizes an established global network of third-party commodity suppliers and logistics service providers to distribute sugar, rice, and oil and fat products to customers in over 20 countries, as of the fiscal year ended December 31, 2024. For more information, visit Forward-Looking Statements This press release contains certain forward-looking statements, within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by terms such as 'believe,' 'project,' 'predict,' 'budget,' 'forecast,' 'continue,' 'expect,' 'anticipate,' 'estimate,' 'intend,' 'strategy,' 'future,' 'opportunity,' 'plan,' 'may,' 'could,' 'should,' 'will,' 'would,' and similar expressions or negative versions of those expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, therefore, subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements contained in this press release. The Company's filings with the SEC identify and discuss other important risks and uncertainties that could cause events and results to differ materially from those indicated in these forward-looking statements. Forward-looking statements speak only as of the date on which they are made. Readers are cautioned not to place undue reliance upon forward-looking statements. Davis Commodities Limited assumes no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. CONTACT: For more information, please contact: Davis Commodities Limited Investor Relations Department Email: investors@ Celestia Investor Relations Dave Leung Email: investors@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
05-06-2025
- Business
- Associated Press
Marex Agrees to Acquire Agrinvest Commodities
LONDON, June 05, 2025 (GLOBE NEWSWIRE) -- Marex Group plc ('Marex' or the 'Group'; NASDAQ: MRX), the diversified global financial services platform, today announces that it has agreed to acquire Agrinvest Commodities, a Brazilian agricultural commodities business. This acquisition will expand Marex's operations in the Americas and add new capabilities and clients to diversify earnings. Agrinvest acts as an agent connecting buyers and sellers in physical agricultural markets including corn and soybeans. It also provides its clients with consulting support to understand their hedging options and commercial strategies within these agricultural markets. Acquiring Agrinvest gives Marex physical commodities capabilities in Brazil, in addition to its existing derivatives operations. With about 1,300 clients and 100 employees, Agrinvest augments Marex's current Brazilian business. Ian Lowitt, CEO of Marex, commented: 'Brazil is a globally important commodity producer and is a country where we have been looking to expand. Agrinvest's partners have built an impressive business, and we see great potential in supporting their future growth across Brazil. This deal will bring new clients to our platform, and we also see opportunities to offer them additional hedging services.' Ram Vittal, CEO of the Americas, Marex, commented: 'We're excited to expand our presence in the Americas with the acquisition of Agrinvest in Brazil, reinforcing our commitment to growth across the region. The addition of Agrinvest strengthens our agricultural business and broadens our capabilities, allowing us to expand in one of the world's most dynamic agriculture markets.' Benedito Joao Gai Neto, CEO of Agrinvest, commented: 'We are thrilled to join the Marex platform, with its global reach, growing client base and range of capabilities. As part of Marex, we will have the support we need to expand our business and the services we can offer our clients in this exciting region, and also in other countries.' About Marex: Marex Group plc (NASDAQ: MRX) is a diversified global financial services platform providing essential liquidity, market access and infrastructure services to clients across energy, commodities and financial markets. The Group provides comprehensive breadth and depth of coverage across four services: Clearing, Agency and Execution, Market Making and Hedging and Investment Solutions. It has a leading franchise in many major metals, energy and agricultural products, with access to 60 exchanges. The Group provides access to the world's major commodity markets, covering a broad range of clients that include some of the largest commodity producers, consumers and traders, banks, hedge funds and asset managers. With more than 40 offices worldwide, the Group has over 2,400 employees across Europe, Asia and the Americas. For more information visit Enquiries please contact: Marex: Nicola Ratchford / Adam Strachan +44 778 654 8889 / +1 914 200 2508 [email protected] / [email protected] FTI Consulting US / UK +1 716 525 7239 / +44 7976870961 [email protected]
