GLG News by Council Members Knowledgeable on Biofertilizers
Analysis of:
Flooding a 'brutal business partner' for farmers (www.thonline.com)
The record rains and flooding in Iowa will result in a further drop in corn and soybean production this year, with estimates of up to 3 million acres and 20% of the Iowa crops lost. This has already caused a run up in corn, soybeans and wheat prices and a drop in many companies' stocks, including...
Analysis of:
Climate plants a wet one. Record moisture reported across state (www.columbiatribune.com)
The midwest has had exceptional amounts of rain since last December leading to major delays in the seeding and emergence of the corn and soybean crops. La Niña has been blamed for the cool wet weather, if it is disappearing what type of summer and crop will we have.
Analysis of:
Sugar prices sink to 7-month low on supply glut (ap.google.com)
World sugar prices have dropped below the 10 cent/lb. level , even as energy prices and food demand increases. Why is this happening, will it end soon and what are the implications for ethanol, HFCS and alternative crops next year?
Analysis of:
Food Shortages Turn Corn to Toast as Fuel (enr.ecnext.com)
With corn prices climbing to record new highs everyday, there is additional incentive to accelerate the drive to switch from corn to cellulose as the raw material for ethanol in the U.S. The Department of Energy, Congress and private enterprize have their foot on the accelerator to find a commercially...
Analysis of:
Argentine Farm Strike Threatens Economy, Grain Sales (www.bloomberg.com)
Argentine farmers are blocking highways and roads in their second strike of the year protesting increases on taxes. Major grain companies ADM, Bunge, Cargill, Corn Products and Dreyfus have major operations that are being impacted. Last month the strike caused major food shortages in Buenos Aires as...
Analysis of:
Bush Pushes Shift In U.S. Food Aid - President Proposes $770 Million Boost; New Tack in Africa (s.wsj.net)
The rapid increase in rice, wheat and vegetable oil prices has resulted in protests around the world as the poor are unable to feed themselves. The U.S. government is finally realizing that current model of sending U.S. farm products on U.S. flag ship vessels is a waste of money and neither helps the...
Analysis of:
US Water Pipelines Are Breaking (ap.google.com)
This article points to an area of the water industry that will continue to enjoy positive dynamics. For the investor, the message is simple: companies selling water infrastructure-related products and services, like large pipes, large valves, inspection and repair services, water pipeline engineering...
Analysis of:
Kenya: Spread of Wheat Disease Sparks Shortage Fears (allafrica.com)
Ug99 a wheat rust first found in Uganda in 1999 has been on the move. It first began spreading to neighboring countries in 2001, It is now as far away as the Middle East, with the likelihood that it will move east into some major wheat growing regions of Asia. With global wheat supplies already at 40+...
Analysis of:
ACREAGE AND YIELD TO THE RESCUE? (www.farmdoc.uiuc.edu)
The USDA's most recent projections on planted area for corn, soy and wheat in the US for 2008 appear to be optimistic at best.
Analysis of:
Commodity Prices Surge, As Investors Seek a Haven (online.wsj.com)
The ag commodity markets are trading on emotion, and to some extent, fear, without and regard for supply and demand, and the continued economic viability of that demand. The old market saying is that high prices are the best cure for high prices, but the "cure" may be a bitter pill to swallow
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