The world's wheat farmers are coming to the rescue to bring skyhigh food prices down to earth [Fortune]
Darden Restaurants, Inc. (DRI)
Last darden restaurants, inc. earnings: 3/19 07:00 am
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Source: Fortune
Four months after upended trade flows and sent futures soaring, fear of grain shortages is giving way to optimism that key producers will reap harvests large enough to help replenish war-pinched reserves. That's critical for the wheat needed to feed the world; the corn to nourish hogs, chicken and cattle; and the oilseeds to process food. “Supply may not be as impaired as we think because other areas will compensate for any losses from Ukraine, and it is happening across the board,” said Marc Ostwald, global strategist at ADM Investor Services in London. Australia, one of the biggest wheat exporters, is forecast to produce another huge crop this year, while Brazil's biggest-growing area has so much corn it's piling up outside bins. Nervousness in North America that spring weather woes would significantly cut grain and soybean acreage has abated. The Bloomberg Agriculture Spot Subindex is on track for its biggest monthly drop since 2011. Along with easing concerns about dwindlin
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DRI
News
- Darden Restaurants' (NYSE:DRI) Returns On Capital Not Reflecting Well On The Business [Yahoo! Finance]Yahoo! Finance
- Red Lobster seeks a buyer as it looks to avoid bankruptcy filing [Yahoo! Finance]Yahoo! Finance
- Red Lobster seeks a buyer as it looks to avoid bankruptcy filing [CNBC]CNBC
- Darden Restaurants: An Appetizing Dividend Growth Stock [Seeking Alpha]Seeking Alpha
- Darden Restaurants, Inc. (NYSE: DRI) had its "buy" rating re-affirmed by analysts at TD Cowen. They now have a $190.00 price target on the stock.MarketBeat
DRI
Earnings
- 3/21/24 - Miss
DRI
Sec Filings
- 4/26/24 - Form 4
- 4/25/24 - Form 144
- 4/9/24 - Form 4
- DRI's page on the SEC website