Companies
Hormel warns on profits as soaring hog prices tell

Hormel cuts its earnings guidance, citing "lower than expected results" in pork, as elevated hog values press on processors' margins

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Elders shares tumble after RuralCo bid rebuffed
The Australian group accepts a bid for its Futuris car parts unit, but rejects as too low an offer from rival RuralCo for its farm services operations
Uralkali upbeat on world potash prospects
Uralkali foresees world potash use hitting the "high end" of its forecast, lifted by a revival in its home Russian market, and a record in Brazil
Weyerhaeuser paid 'upper end' price for Longview
Moody's says the\$4,000 an acre the group paid in a \$2.7bn timber deal is at the top end of comparatives. Still, Weyerhaeuser keeps its credit ratin
Late spurt in crop sowings revives potash prices
Benchmark potash prices rose in May for the first time in two years as Canadian and US farmers sought to catch up on plantings after a late start
US pork export slump hurts Smithfield profits
Smithfield Foods reports a bigger-than-expected profits drop, citing lower exports to buyers including China, the home of its bidder Shuanghui
Yara, axing $2bn scheme, warns of US nitrogen glut
Yara becomes the second nitrogen group in two weeks to shelve North America expansion plans, blaming construction costs and the threat of overcapacity
Prolonged sale of iconic agribusiness nears finish
Elders, the Australian feedlots-to-car parts group which traces its history back to 1839, says it has received "final bids" in an auction process
Agrimoney.com wins prestigious media award
Agrimoney.com is named best finance and business website at the Online Media Awards, whose other winners include the BBC, New York Times and Reuters
Ag deal wave continues with $1bn Dole Foods bid
The US fruit and vegetables group receives an offer from its 90-year-old boss, extending a spike in deal activity in the agribusiness sector
Zambeef upbeat despite wage-hike dent to profits
The group unveils a drop in profits, but flags its potential for exploiting Zambian and regional ag trends, including some revival in Zimbabwe farming
Titan backs FSU farming as it nears Russia deal
The tyremaker says the "future growth of farming" will be in the former Soviet Union as it reveals it is in a consortium in talks with a Russian group
Controversy-hit Monsanto hands shareholders $2bn
MThe seed giantramps up spending on buying back shares, which are under pressure after the discovery of unapproved Monsanto GM wheat in a US field
Feature
GrainCorp gives ADM's bizarre China deal a chance to shine

ADM's 2010 investment in a Chinese bank has certainly made no financial sense. But it may find another way to show it was more than a waste of \$100m

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