GLG News by Agricultural Economists

Gary DrimmerChief Executive OfficerWorld Ag Associates LLC

Cargill Sells Seara in Brazil- What Else For Sale

September 17, 2009

Analysis of: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?

Joe VictorBusiness Development SpecialistMinneapolis Grain Exchange Inc.

China Vegoil Trend

August 24, 2009

Analysis of:China to set up soybean plant with 1.2 mln tonnes capacity | news.xinhuanet.com

China's National Cereals, Oils & Foodstuffs Corporation (COFCO) has plans to build its second largest soybean oil crushing facility, other China companies to follow. China and India's vegoil consumption trends continue to expand and likely to place greater demand on world oilseed supply.

John BaizePresidentJohn C. Baize & Associates

Europe in a Bind Over Biotech Policy

August 24, 2009

Analysis of:EU stance on GM could decimate UK livestock production | www.farmersguardian.com

The EU's resistance to biotechnology is this year threatening to cause dire consequences for the EU's livestock and poultry industries. That is because regulators have found minute amounts of unapproved biotech corn events in soymeal made from U.S. soybeans. Under the EU's zero tolerance policy for unapproved biotech events this has forced the stoppage of about 200,000 mt of soymeal and effectively foreclosed the U.SD. as a source of soybeans and soymeal. That could be a disaster

John BaizePresidentJohn C. Baize & Associates

Europe in a Bind Over Biotech Policy

August 21, 2009

Analysis of:American Soybean Association delegation meets with French industry | bioenergy.checkbiotech.org

Because of the severe drought which cut South American soybean production this year by over 20 mmt the EU will need to import large amounts of soybeans and soymeal from the U.S. However, that will not be possible unless the EU changes its policies quickly to allow imports containing trace amounts of unapproved corn events.

Gary DrimmerChief Executive OfficerWorld Ag Associates LLC

Sugar- Cosan A Big Winner: Who Else Wins and Who Loses?

August 16, 2009

Analysis of: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.

Gary DrimmerChief Executive OfficerWorld Ag Associates LLC

Bunge Makes Public Offering - No New Interest In Corn Products

August 12, 2009

Analysis of: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.

Gary DrimmerChief Executive OfficerWorld Ag Associates LLC

Corn, Soybean, Palm Oil & Sugar Could Be Impacted By El Nino And/Or Early Frost

August 9, 2009

Analysis of: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.

Joe VictorBusiness Development SpecialistMinneapolis Grain Exchange Inc.

Corn Maturity & Influence on Yield

August 6, 2009

Analysis of:Area farmers remain cautiously optimistic | www.northiowanews.com

Corn maturity is lagging and unless we have a later than usual fall, corn yield is likely to suffer. The Climate Prediction Center's 90 day temperature outlook forecast below average temperatures for key corn states of Iowa, Illinois and Minnesota.

Gary DrimmerChief Executive OfficerWorld Ag Associates LLC

Nutreco Expands Feed Business With Purchase of Some Cargill Agribrand Operations

August 2, 2009

Analysis of: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.

Gary DrimmerChief Executive OfficerWorld Ag Associates LLC

ABB Prepares For Marriage With Viterra- Shareholder/Farmers Still Have Final Say

August 1, 2009

Analysis of: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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