GLG News by Mr. Gary Drimmer, President
Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
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Fertilizer Musical Chairs Coming to Sad End- Agrium & CF Industries Last Offers
November 6, 2009
Agrium increases cash portion of bid in final attempt to buy CF Industries | www.chicagotribune.com
Since the beginning of the year Agrium Inc. and CF Industries Holdings Inc. have been seeking to make a major acquisition in consolidation effort after drop in sector share prices. This week new offers went out and we might be reaching an end to this round of efforts as the outlook for the sector finally appears to be touching bottom.
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Omega-3 Soybean Oil Closer To Commercial Reality For Monsanto and Solae
November 1, 2009
The GRAS certification of Monsanto's new omega-3 Soybean Oil is a major step not only for Monanto and their partner on this product, Solae LLC, but a it could also help pave the way to the acceptance of GMO crops around the world. The product still needs to be developed and marketed correctly as it is SDA and not EPA or DHA.
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"Where's the Beef?" Will Meat Lose Global Favor?
October 30, 2009
Vegetarian diet is better for the planet, says Lord Stern | www.guardian.co.uk
The production of meats is responsible for 18% of man made green house gas emissions and 25% of man made methane emissions. No wonder there is talk that eating beef is not very green. WIll sustainable farming and green consumers move away from meats and towards a vegetarian diet?
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Farmer Bill Gates Defends Biotech Crops and Pushes For Sustainability
October 18, 2009
Gates chides critics, defends biotech crops « Des Moines Register Staff Blogs | The Des Moines Register | blogs.desmoinesregister.com
The Bill & Melinda Gates Foundation is putting big bucks behind a push to improve farming in Africa and the rest of the thrid world; he includes biotech crops as part of the solution.
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Are Things Getting Hot Down Under? Everyone Interested in AWB !
September 29, 2009
RPT-DEALTALK-Bunge seen most likely partner for Australia's AWB | sg.news.yahoo.com
Bunge Ltd , Archer Daniels Midland, Cargill, Nobel Group , Louis Dreyfus, Glencore International and even Gavilon LLC could be interested or already in talks with AWB for a possible acquisition of more then just their Geneva grain trading operations. It would seem logical that someone might be interested in these assets, but who would it be?
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Noble To Become Major Agriculture Player with $850 Million From China Investment
September 21, 2009
Noble to Sell $850 Million Shares to China Investment (Update1) - Bloomberg.com | www.bloomberg.com
The question was who was looking to invest in Noble when it stopped trading. We now know that China Investment Corporation has invested $850 million in Noble to expand their agriculture supply business, boosting them into the big league.
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Cargill Sells Seara in Brazil- What Else For Sale
September 17, 2009
Marfrig to acquire Cargill poultry unit Seara | www.allaboutfeed.net
Cargill the largest agribusiness company in the world continues to rearrrange assets this year, following sale of feed manufacturing mills in Spain and Portugal to Nutreco, it is now selling its poultry and pork operations in Brazil to Marfrig. What is Cargill up to?
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Sugar- Cosan A Big Winner: Who Else Wins and Who Loses?
August 16, 2009
Cosan sees sugar price firm for another crop | www.reuters.com
Cosan the largest sugar producer in Brazil is reporting record profits thanks to the jump in global sugar prices. Prices could remain near or above the current 28 year high into next year, helping sugar producers with good production as well as producers of HFCS, while hurting candy, beverage and food processors.
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Bunge Makes Public Offering - No New Interest In Corn Products
August 12, 2009
Analysts say Bunge public offer could fund Corn Products buyout try, but odds are against it | finance.yahoo.com
Bunge Ltd. has announced a public offering of 10 million shares. Some media have immediately questioned if this could be preparation for a second attempt to acquire Corn Products International, even when the announcement states the funds are to be used to repay debt and for general corporate expenses. Analysts, including this writer, agree that such a deal is not very likely at this time.
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Corn, Soybean, Palm Oil & Sugar Could Be Impacted By El Nino And/Or Early Frost
August 9, 2009
El Nino to Lift Palm Oil, Sugar Prices, Deutsche Says | www.bloomberg.com
Weather is always of concern to crops. This year the world is very susceptible to possible impact of an early frost in the corn and soybean growing regions, while palm and sugar crops could be impacted by a moderate to strong El Nino. Companies that would be impacted include ADM, Cargill, Bunge Ltd., Louis Dreyfus, Wilmar, Asian Agri, Sime Darby, Tate & Lyle, Corn Products International, Unilever, Mars, Coca Cola, PepsiCo, Tyson, Biofuels Corporation, Neste Oil, IOI Group and BLD Plantation BHD.
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Nutreco Expands Feed Business With Purchase of Some Cargill Agribrand Operations
August 2, 2009
Nutreco to acquire Cargill's animal nutrition operation in Spain and Portugal | www.domain-b.com
Nutreco continues to expand, even in a very difficult market with the purchase of Cargill's Agribrand operations in Spain and Portugal. This will continue to push Nutreco as one of the largest global animal premix and compound feed producers. These is a slow growth, and low margin business, but Nutreco has been able to find some rewarding pockets.
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ABB Prepares For Marriage With Viterra- Shareholder/Farmers Still Have Final Say
August 1, 2009
New executive committee appointed at Australia's ABB Grain: Viterra | www.leaderpost.com
ABB's managing director Michael Iwaniw has followed through with his retirement and the company has appointed a new executive committee waiting for merger with Viterra. Main obstacle remaining is the shareholder/farmer vote on September 9th. Many say it is a done deal, but it still seems too close to call.
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US Ethanol Industry Shows It's Power On Brazilian Exports Even When No Threat
July 29, 2009
RFA advocates keeping secondary tariff on ethanol imports | www.biofuelsbusiness.com
High sugar prices and reduced sugar production in Brazil are drastically reducing Brazil's ethanol exports. Even so, the US Renewable Fuels Association jumps to patch a possible weak point in their armor of import duties, by supporting a delay in confirmation of new Ambassador and Senator Grassley (R-IA)
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El Nino Is Back And There Will Be Impacts On Weather And Crops
July 23, 2009
El Nino Now Official - Possible Implications | www.rightsidenews.com
El Nino is now officially back. If it continues to strengthen it will impact weather and crops in some major growing areas around the world including India, Malaysia, Indonesia, Australia, Brazil and the USA. It is a question of how strong it gets and how long it lasts, but the first impacts appear to be visible already in India.
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Great Weather- How Large Will The US Corn And Soybean Crop Be?
July 22, 2009
U.S. corn pollination weather ideal, soybeans eyed | www.reuters.com
The US Midwest is in the middle of the critical silking/pollination stage of corn and pod setting for soybeans. Weather has been good and the forecast continues to be favorable for the next two weeks. Latest projections are for an ever growing harvest.
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Sun, Heat and Water Make a Corn and Soybean Crop Grow
July 14, 2009
U.S. corn pollination weather ideal, soybeans eyed | www.reuters.com
The Midwest should have ideal weather for corn pollination over the next two weeks and this could result in a larger crop then estimated by the USDA. Nevertheless the crops will need more then these two weeks before the crop is made and ready for harvest, and a lot can go wrong.
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If Corn and Soybean Production Is Up- Who Are Winners and Losers?
July 12, 2009
USDA boosts corn, soybeans production, cuts price forecasts | www.meatingplace.com
The USDA is now forecasting the largest soybean crop in history and the second largest corn crop. If the crops come to fruition there will be winners and losers in the agribusiness and food sector.
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Cooler Summer to Impact Acres, Health and Yields of US Corn and Soybeans
June 5, 2009
PLANALYTICS FORECASTS COOL SUMMER | agrimarketing.com
Lack of sun spot activity, volcano eruption in Alaska and the return of an El Niño all paint a cooler then normal summer for the major crop areas in the US according to this report. What would the impact be on the corn and soybean crops?
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The Mississippi River Divide Corn Supplies Next Crop Year Resulting in Higher Prices in the East
May 20, 2009
Corn planting still lags behind average | www.upi.com
Planting of corn east of the Mississippi have been delayed into the second half of May, with a potential reduction in yields and acres. On top of this there has been a reduction of fertilizer applications. The eastern corn belt could suffer more then the western corn belt with supply and basis implications.
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American Families Return to Eating At Home
May 13, 2009
General Mills sees eat-at-home trend sticking | www.reuters.com
The economy is forcing many families to revert to eating at home as well as to cut back on prepared dinners. This is a clear benefit for major food companies and super market chains. The big question is will this turn in to a long term trend or is it just a recession cutback.
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