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Cargill’s Sustainability Commitments
Water
resources
Achieve sustainable water management in 100% of priority watersheds
by 2030
Climate
change
Reduce greenhouse gas emissions:
• Operations: By 10% by 2025 v. 2017
• Supply Chain: By 30% per ton of product sold by 2030 v. 2017
Land use Transform our agricultural supply chains to be deforestation-free by
2030
Farmer
prosperity
Provide training on sustainable agricultural practices and improve
access to markets for 10 million farmers by 2030
Food
waste
Drive food system innovation to prevent loss and waste of food and other
materials
Record US Precipitation last 12 months
St Louis become non navigable
for 1 month period eliminating
access to approximately 80% of
origination
Previous river shut downs
were maximum 5 days
Record precipitation results in loss of acreage/production
And it continues…….
Trade war - decreased share of world exports despite record crop and shrinking demand
Record ending stocks, Low prices, Record farmer retention
November USDA SnD
What to Watch Moving Forward
• US vs Brazilian Farmer Selling
• US Premiums to be supported by wide carries but with limited upside
• New crop Brazilian premiums continued convergence to US levels –
pace dependent on trade outcomes
• CBOT price to follow South American production, Brazilian currency,
Trade War sentiment and US planting economics
• Soybean trade flows potentially influenced by sustainability

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Paper 8 Patrick Stolz Oilseeds Market Outlook

  • 1.
  • 2.
  • 3. Cargill’s Sustainability Commitments Water resources Achieve sustainable water management in 100% of priority watersheds by 2030 Climate change Reduce greenhouse gas emissions: • Operations: By 10% by 2025 v. 2017 • Supply Chain: By 30% per ton of product sold by 2030 v. 2017 Land use Transform our agricultural supply chains to be deforestation-free by 2030 Farmer prosperity Provide training on sustainable agricultural practices and improve access to markets for 10 million farmers by 2030 Food waste Drive food system innovation to prevent loss and waste of food and other materials
  • 4. Record US Precipitation last 12 months
  • 5. St Louis become non navigable for 1 month period eliminating access to approximately 80% of origination Previous river shut downs were maximum 5 days
  • 6. Record precipitation results in loss of acreage/production
  • 7.
  • 9.
  • 10. Trade war - decreased share of world exports despite record crop and shrinking demand
  • 11.
  • 12.
  • 13. Record ending stocks, Low prices, Record farmer retention
  • 15. What to Watch Moving Forward • US vs Brazilian Farmer Selling • US Premiums to be supported by wide carries but with limited upside • New crop Brazilian premiums continued convergence to US levels – pace dependent on trade outcomes • CBOT price to follow South American production, Brazilian currency, Trade War sentiment and US planting economics • Soybean trade flows potentially influenced by sustainability

Editor's Notes

  1. We’re also committed to leading by example by setting goals that reduce the environmental impacts of our operations and supply chains, while improving the livelihoods of farmers. Farmers are the original stewards of our land and water. And today, we have new information and technologies that can make their operations more efficient and sustainable. One of the exciting things we’ve learned in delving deeper into our supply chain impacts is the importance of row crops to both our footprint and our set of potential solutions. CASC NA has a critical role to play in allowing us to meet our commitments. We believe soil health and regenerative agriculture can be critical levers in addressing climate change and preserving water resources.