Mr. Gary Drimmer

GLG News by Mr. Gary Drimmer, Chief Executive Officer

GLG News is now G+ Insights

G+ is a community for professionals, academics and entrepreneurs to connect through online discussions and in-person meetings. You will continue to see G+ Insights (formerly GLG News) here as well as on the G+ website, where you can share and discuss the G+ Insights you read.

Moderate Drought Now Impacting US Soybeans After Run Up in Corn and Wheat

August 18, 2011

Analysis of:U.S. Drought Monitor August 16 | droughtmonitor.unl.edu

Soybeans are in their pod filling stage. For the past 3 weeks there has been an area impacting some of Iowa, Illinois and Indiana with "abnormally dry" to "moderate drought". This will have an impact on yields.

Ethanol & Corn:Senate Tells Industry To Grow Up After Over 30 Years Of Subsidies

June 19, 2011

Analysis of:Senate votes to end US ethanol tax credits on July 1, rejects McCain amendment against blender pumps | biofuelsdigest.com

The US Senate last week approved to eliminate the blending tax credit and to open the market to Brazilian ethanol effective July 1st. This is not going to happen that quickly or completely, but something is going to happen soon.

The Eastern Corn Belt Will Tighten Belt Next Year Without Corn

May 31, 2011

The wet spring has pushed back total seeded acreage of corn to where it will be impossible to have the high yield and large acreage needed to replenish inventories. In the Eastern Corn Belt delays in planting corn will force farmers to plant soybeans, if they can ever get into the field.

Where Will Climate Hit Crops Next

February 20, 2011

Analysis of:Droughts in China More Frequent and Intense, Scientists Say | www.cadenagramonte.cu

Climate change has been having a growing impact on crops around the world. Momentum seems to be picking up. China now facing a drought every year, instead of every 5 to 10 years.

DuPont Makes Major Push Into Food and Biofuels With Proposed Danisco Acquisition

January 10, 2011

Analysis of:DuPont looks to food, biofuel with Danisco play | www.reuters.com

Danisco has announced it has accepted a $6.3 billion offer from DuPont after reviewing several other offers. This is DuPont's largest acquisition in the food/natural science sector since they acquired Pioneer seed. It is a very interesting move that could add to their drive to be involved more in renewable products and one that may help define their 3rd century of existence. Other players may yet enter the bidding, though the price seems fair if not high.

BHP Bid For PotashCorp Stopped As No Net Benefit To Canada

November 3, 2010

Analysis of:Ottawa will not approve PotashCorp takeover - CTV News | www.ctv.ca

In one of the most watched and the largest takeover bids in Canada history and the fertilizer world, the Industry Minister Tony Clement has announced that there he sees no net benefit to Canada by the proposed bid. BHP has 30 days to resubmit it's proposal either changing it or shedding additional light on why it benefits Canada. This opens up the door for others who have been working on white knight are alternative bids. 

Louis Dreyfus And Olam In Possible Merger Talks

September 26, 2010

Analysis of:Agrimoney.com | Grain merchants - Louis Dreyfus in talks over merger with Olam | www.agrimoney.com

This morning Olam confirmed that they are in talks with Louis Dreyfus on a potential merger. Neither of the two companies are familiar names outside of a very specialized industry. The merger would be a good fit, though the cultures might be very different.

Time For Consolidation In Animal Feed Market- Is Nutreco On The Move?

August 19, 2010

Analysis of:UPDATE 2-Nutreco eyes buys after leap in H1 profits | Reuters | www.reuters.com

Nutreco has reported a good first half and has made an acquisition of an aquaculture feed company in Viet Nam. They have the cash and technology to keep growing in markets that are expanding. Have they picked the right targets?

Fertilizer Takeovers Heating Up After Scorching Russian Summer: PotashCorp

August 17, 2010

Analysis of:Potash rejects $39bn approach by BHP | www.ft.com

BHP Billiton has just made an all cash offer for PotashCorp, which has been rejected by the Board. This follows Agrium's takeover over the weekend for AWB. Earlier this year another mining giant expanded into phosphate mining and the fertilizer industry through the acquisition of Bunge and Cargill's assets in Brazil.

Is Agrium Taking On Next Acquisition Fight Down Under

August 16, 2010

Analysis of:Agrium Enters Aussie Fertilizer War - TheStreet | www.thestreet.com

Agrium lost on its efforts to acquire CF Industries which had rejected the bid as it attempted and finally acquired Terra Industries. Agrium has now made a bid down under for AWB, which had just accepted a merger offer from Australian GrainCorp. The proposal is complicated, but as was seen last year with Viterra's purchase of ABB, acquisitions by Canadian agriculture companies of Australian grain companies are never simple deals.

Makhteshim Agan Group Makes Big Move Acquiring Albaugh Inc.

June 27, 2010

Analysis of:PRESS RELEASE: Makhteshim Agan Group and Albaugh Inc. Sign Letter of Intent | online.wsj.com

Makhhteshim Agan Group of Israel the largest producer of off patent farm protection chemicals in the world is acquiring a major competitor in the Americas, Albaugh, Inc. for around $1.3 billion. This could impact the generic players out of China as well as the major global branded players: Monsanto, BASF, DuPont, Syngenta AG and Bayer Crop Sciences.

Corn Products Finally Acquires National Starch- Will Bunge Move on Tate & Lyle?

June 24, 2010

Corn Products International has announced it is acquiring National Starch from Akzo Nobel for $1.3 billion. Bunge had attempted to acquire Bunge with stock 2 years ago but the deal fell through as shares collapsed. Bunge Ltd still has some cash, will it now try to acquire T&L?

El Nino off Peru and Chilean Earthquake Push Fishmeal to Record High

April 27, 2010

Analysis of:Fishmeal prices at all-time high after supply squeeze | www.ft.com

Fishmeal prices have surged in the past year to a record high of $1937 a metric ton, or over 85% in the last year, impacting aquaculture and piglet feeds around the world. The increase in fishmeal prices also supports the price of soybean meal and corn gluten meal.

Icelandic Volcano Could Impact European Crops- Repeat of 1783 Famine

April 16, 2010

Analysis of:Iceland volcano unlikely to slow global warming: Scientists | www.vancouversun.com

The eruption of the volcano system at the Eyjafjallajokull Glacier in Iceland has been impacting flights in northern Europe. The eruption to date is not enough to impact the outlook for crops in Europe, but if it were to continue to blow for the next few months, European supplies of wheat and oilseeds could be seriously impacted effecting world prices and major companies' results.

Fat Lady Singing As CF Industires Finally Set To Acquire Terra Industires

March 12, 2010

Analysis of:CF Industries, Terra strike $4.7B deal | www.chicagobreakingbusiness.com

For the past year there has been a war going on with bids in the fertilizer sector. CF Industries was after Terra, while Agrium made a hostile bid for CF Industries. Neither Terra nor CF Industries were interested in being acquired, unti...

How Many Corn and Soybean Acres From Released CRP In 2009?

March 7, 2010

Analysis of:What’s Ahead for the CRP Program? | cornandsoybeandigest.com

At the end of  2009 there was a total of 31.1 million acres left in the Conservation Reserve Program (CRP). There was a net reduction of 2.6 million acres that can now be placed back in production. How mush of this is good framing land, and how much will be dedicated to corn and soybeans? Larger acreage could exit the program over the next 3 years.

Fertilizer Love Triangle Now A Square Dance: Agrium, CF, Terra and Yara

March 3, 2010

Analysis of:CF’s $4.72 Billion Offer for Terra May Force Yara to Boost Bid - Bloomberg.com | www.bloomberg.com

For a year now there has been a bidding war between major fertilizer companies. It would like the dancing was going to end when Yara entered with a high bid for Terra, which would leave Agrium to acquire CF Industries. Well the music is still playing now that CF Industries has raised the ante for Terra.

Ferilizer Industry Consolidation To Continue-Yara Acquires Terra

February 16, 2010

Analysis of:Latest fertilizer deal a peaceful, $4.1bn affair | www.mineweb.co.za

The speed of consolidation of the global fertilizer industry is picking up speed with the $4.1 billion all cash deal by Norweigan giant Yara to acquire US based Terra Industries. This follows recent acquisitions of Vale of Bunge Ltd and Cargill's fertilizer assets in Brazil. CF Industries is still being pursued by Agrium.

Largest Ethanol Deal Yet: $12 Billion- Shell Invests In Brazilian JV With Cosan

February 3, 2010

Analysis of:Shell bets on ethanol in $21 billion deal with Brazil's Cosan | Reuters | www.reuters.com

Shell is making a big bet on sugar ethanol and Brazil, as it pulls back on other non-fuel green energy. They are late to the party, but they have arrived with the biggest gift yet setting up this $12 billion JV, with sales estimated at $21 billion. Original title might be misleading.

Is Bunge Going After Corn Products International Again?

January 24, 2010

Analysis of:Bullish on Another Bunge Bid | online.wsj.com

Bunge Ltd is preparing to sell its fertilizer business based in Brazil to Vale. This will generate considerable cash and free up a large amount of working capital. There is now talk that Bunge could be preparing to make another bid for Corn Products International. Could this happen? 

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