GLG News by Council Members Knowledgeable on Animal Feed

Ethanol makers' stocks just dropped on the announcement of reduced earnings.  Even Goldman Sachs who has invested $1.5 bln in biofuels and alternative fuel clean technology sees the passage of another federal mandate on biofuels as an opportunity to get out.  More government imposed mandates...

Despite the rehtoric surrounding the farm bill in the Seante right now, the current process is very normal. The past two farm bills have carried over into the following year The filibuster and veto threat against the farm bill is a typical Senat negotiating process. The federal budget has virtually...

The National Weather Service is reporting continued continued strengthening of the La Nina water current which could result in drought in Brazil this crop year and continued drought in the SE and SW of the US. Any reduction in yields in the Americas this year on wheat, soybeans and corn could result...

there will be a farm bill completed; it won’t be the 2002 farm bill; it will be completed before Spring planting; there will be as much money as needed/wanted. there will be as much money as needed/wanted. it will be completed before Spring planting; there will be as much money as needed/wanted. there...

Soybean prices have continued to climb as soybean oil prices set new record high prices. Soybean oil futures over the past six months have had over a .96 correlation to price movements of crude oil futures. Continued growth in demand for vegetable oils for food and biodiesel and vegetable proteins for...

ADM surprised the market that had begun to focus on the company as a corn to ethanol company, but the company still is heavily focused on grain processing and grain trading. Big jumps in grain prices and logistical costs provided ADM with opportunities to increase margins in other non-ethanol markets....

The biofuels sector continues to be the focus of negative stories in the US and Global press, highlighting many of the downsides of the push towards ethanol and biodiesel.  These stories, by themselves, might not create significant problems for the industry, but in combination with the twin economic...

Ethanol and corn has been booming not because the US government called for it, but rather because there were opportunities for profits, largely due to oil prices. Subsidies for biofuels in the US should have a hard end-date. Dollars spent on food aid should increase, rather than expecting world commodity...

GMO products will likely ride the biofuel train into other formerly closed markets, as global supplies of corn and beans shrink due to biofuel consumption, and non-GMO alternatives disappear.

Ethanol margins are hurting, given high corn prices and low ethanol prices. Large plants still have positive margins, but they are greatly reduced. Part of ADM 's ethanol comes from plants it originally switched from high fructose corn syrup (HFCS) and starch production.