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World's Top Crop Trader Says Chinese Buying Has More to Go


World’s Top Crop Trader Says Chinese Buying Has More to Go
Bloomberg
2/5/2021
Isis Almeida
(Bloomberg) The world’s largest agricultural commodities trader says China’s record buying spree isn’t over.
Purchases by the Asian nation have “at least another couple of quarters to go” before the top soybean and corn importer has enough supplies, said Cargill Inc.’s Chief Executive Officer Dave MacLennan. Crop prices, which have rallied more than 50% since a low in August, need to rise further to curb consumption, he said.
© Bloomberg
Opening Day Of World Economic Forum 2019
David MacLennan
Photographer: Simon Dawson/Bloomberg ....

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Boeing Reports Fourth-Quarter Results


NM
 
The Boeing Company [NYSE: BA] reported fourth-quarter revenue of $15.3 billion, reflecting lower commercial deliveries and services volume primarily due to COVID-19 as well as 787 production issues, partially offset by a lower 737 MAX customer considerations charge in the quarter compared to the same period last year (Table 1). GAAP loss per share of ($14.65) and core loss per share (non-GAAP) of ($15.25) reflected a $6.5 billion pre-tax charge on the 777X program and a tax valuation allowance, partially offset by a lower 737 MAX customer considerations charge. Boeing recorded operating cash flow of ($4.0) billion.
2020 was a year of profound societal and global disruption which significantly constrained our industry. The deep impact of the pandemic on commercial air travel, coupled with the 737 MAX grounding, challenged our results. I am proud of the resilience and dedication our global team demonstrated in this environment as we strengthened our safety proc ....

United States , New Zealand , Kangwon Do , South Korea , South Carolina , Republic Of Singapore , Republic Of Korea , Dave Calhoun , Keely Moos , Michael Friedman , Qatar Emiri Air , Exchange Commission , Super Hornet For The Indian Navy , Republic Of Singapore Air Force , Global Services , Royal New Zealand Air , Frontier Airlines , Us Department Of Justice , Republic Of Korea Air , Alaska Airlines , Boeing Company , Boeing President , Chief Executive Officer Dave , Marketable Securities , Boeing South , Commercial Airplanes ,

Boeing Company - Final Results


Boeing Company - Final Results
Fourth Quarter 2020
777X program recorded $6.5 billion pre-tax charge; first delivery expected in late 2023
737 MAX began receiving regulatory approval to resume operations and restarted deliveries
Revenue of $15.3 billion, GAAP loss per share of ($14.65) and core (non-GAAP) loss per share of ($15.25)
Full-Year 2020
Revenue of $58.2 billion, GAAP loss per share of ($20.88) and core (non-GAAP) loss per share of ($23.25)
Operating cash flow of ($18.4) billion; cash and marketable securities of $25.6 billion
Total backlog of $363 billion, including more than 4,000 commercial airplanes
Strengthening safety processes, improving performance, managing liquidity and transforming for the future
Table 1. Summary Financial Results
Fourth Quarter
2020
NM
Non-GAAP measure; complete definitions of Boeing s non-GAAP measures are on page 6, Non-GAAP Measures Disclosures. ....

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Boeing reports Q4 results with 15 pct decrease in revenue - World News


2021-01-27 16:35:58 GMT2021-01-28 00:35:58(Beijing Time) Xinhua English
SAN FRANCISCO, Jan. 27 (Xinhua) The Boeing Company on Wednesday reported 2020 s fourth-quarter revenue of 15.3 billion U.S. dollars, a 15 percent decrease compared to the same period of 2019, reflecting lower commercial deliveries and services volume primarily due to COVID-19 as well as 737 MAX grounding and 787 production issues.
Its GAAP loss per share of 14.65 dollars reflected a 6.5-billion-dollar pre-tax charge on the 777X program and a tax valuation allowance, partially offset by a lower 737 MAX customer considerations charge, the company said.
Boeing s commercial airplanes fourth-quarter revenue decreased to 4.7 billion dollars.
In commercial airplane programs, the company delivered a total of 59 aircraft in the fourth quarter. The year-to-date delivery through Dec. 31, 2020 reached 157, including two 777Fs respectively to China Southern Airlines and China Cargo, and two 737-800 ....

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