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GLG News by Council Members Knowledgeable on Agricultural Land Developments

October 26, 2006
Ore Not the Problem
Analysis of: China's ire at North Korea tempered by ore (www.iht.com)
The article suggests that China's reluctance to impose stronger sanctions on North Korea in the wake of the latter's nuclear test is largely the result of economic factors; specifically, China's rising demand for North Korean iron ore. The article is seriously misguided.
Analysis of: China's Foreign Currency Reserves Almost $1 Trillion (www.bloomberg.com)
The value of China's currency, the RMB, is gradually appreciating in value and will continue to do so.
Joe Victor, Vice President
Joe Victor, Vice President
Allendale Inc
October 17, 2006
Wheat Prices
Analysis of: Soaring wheat prices spark food cost questions (today.reuters.com)
Wheat Fundamentals: The investment community's interest in the wheat futures is very strong on news of a shrinking Australian wheat crop, Ukraine curbing exports, with Russia expected to follow, Iraq and Egypt’s renewed interest in USA supplies as represented by its purchases the week of Oct 2nd. The...
Analysis of: Report: WTO to OK Vietnam's Entry (biz.yahoo.com)
Vietnam is poised to join the WTO in November. Investors get ready.
Analysis of: Russia claims breakthrough with US on WTO (www.ft.com)
Having put their differences behind them, the United States and Russia will sign a trade deal allowing the former Communist nation to join the WTO.
Analysis of: Beijing will build easier, faster, environmentally friendly transportation system (english.people.com.cn)
The transportation sector in China is open to foreign investors.

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