Sweden’s Oatly Group is facing headwinds of oats futures near a 7-1/2 hear high. Drought slashed supplies from top global supplier Canada at a time of robust demand for the grain. $OTLY is expanding beyond milk to ice cream, yogurt, cooking creams, spreads and on-the-go drinks Swedish-based Oatley is the world’s original and largest oat milk company with offerings of milk to ice cream, yogurt, cooking creams, spreads, and on-the-go drinks. The company has run into headwinds with food supply … Continue reading “Oatly Group World’s Original and Largest Oatmilk Company Running Into Headwinds With Record High Oats Prices”
Aluminum producer Alcoa reported worse than expected third quarter earnings on Wednesday with a wider-than-expected loss hit by lower alumina prices. $AA has been hurt by demand, and the implications for the global economy with the Trade War affect and tariffs.
Iconic farming, forestry and construction equipment maker Deere missed second quarter earnings reported before the open Friday. $DE also cut guidance citing global risks, higher US dollar and higher raw materials and freight costs fueling higher expenses and uncertainty.
General Motors reported in linesecond quarter earnings Wednesday but warned going forward on higher commodities and exchange rates in Brazil and Argentina. GM had already warned on the negative affects of tariffs. $GM fell 5% on the news premarket.