Carloads revenue for U.S., Canada grain improved.

Fiscal 2016 net income increases 29% year-over-year.

Creel transitions to new role sooner than expected.

Losses in Energy and Food segments were partially offset by 58% increases in Ag segment.

Earnings in the Origination & Processing segment, bolstered by performance in North America, rose slightly.

Company expects to spend approximately $1.5 billion on R&D in 2017.

Company also announces several executive, board changes.

The Oil segment was impacted by weaker global crush margins.

But company believes grain volume goals are being achieved and trending in the right direction.

Food Staples & Packaged Foods earnings up significantly in quarter.