GLG News by Agriculture Experts

Gary DrimmerChief Executive OfficerWorld Ag Associates LLC

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.

Gary DrimmerChief Executive OfficerWorld Ag Associates LLC

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.

Simon AtkinsCEO, Senior Industrial Disaster Threat ForecasterAdvanced Forecasting Corporation

BP, NOAA, EPA Cover-Up: Neurotoxin Pesticide Dispersant Corexit's Lethal Effects

July 27, 2010

Analysis of:EPA Whistleblower Accuses Agency of Covering Up Effects of Dispersant in BP Oil Spill Cleanup | blog.alexanderhiggins.com

BP has poured nearly two million gallons of the dispersant known as Corexit (banned in the UK and 17 other countries) into the Gulf, and many lawmakers and advocacy groups say the Federal Government is not being candid about the lethal effects of dispersants.  At a recent Senate subcommittee, Maryland Senator, Barbara Mikulski, grilled administrators from the EPA about Corexit and said she didn’t want dispersants to be the Agent Orange of this oil spill.

Simon AtkinsCEO, Senior Industrial Disaster Threat ForecasterAdvanced Forecasting Corporation

No Question If BP Hayward Will Quit, The Real Issue Is Risk Of Seafloor Breaking

July 25, 2010

Analysis of:BP Chief Executive Tony Hayward May Quit Within Two Days, Telegraph Says | www.bloomberg.com

BP will publish its first-half 2010 results, and one deep wound it needs to heal at the same time as that announcement is telling the world that their CEO, Tony Hayward, is moving onto other things. BP will say that Hayward “has the board's confidence”, but behind closed doors, it needs him out to re-jack-up its stock price. That aside, the real scientific issue is the looming risk of sudden hemorrhaging of oil and methane due to pressure and a cracked pipe BELOW the seafloor bed. 

Simon AtkinsCEO, Senior Industrial Disaster Threat ForecasterAdvanced Forecasting Corporation

Government Says Gulf Oil Spill Hasn't Entered Human Seafood Supply. Really Now?

July 4, 2010

Analysis of:Food Safety Concerns Mount As Oil Found In Gulf Crabs | content.usatoday.com

Is oil from the BP Gulf disaster entering the food chain?  There are increasing food safety concerns.  First we had contaminated shrimp, and Red Lobster took them off their menu.  Then it was oysters leaking oil onto dinner plates (you didn't hear?)  Now golden globs have been found on newly-hatched crabs.   Organisms in the sea can accumulate the hydrocarbons, which could harm their ability to reproduce.  What happens when our food becomes contaminated and our air becomes toxic? 

Gary DrimmerChief Executive OfficerWorld Ag Associates LLC

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.

Gary DrimmerChief Executive OfficerWorld Ag Associates LLC

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?

Joe VictorBusiness Development SpecialistMinneapolis Grain Exchange Inc.

Grain and Oilseed Useage

June 21, 2010

Will it be corn, wheat and or soybean use which continues its long term trend?Who will benefit, who will lose?

Simon AtkinsCEO, Senior Industrial Disaster Threat ForecasterAdvanced Forecasting Corporation

Powerful Solar Storm Could Shut Down USA for Months: Oh Please, Enough Drama

June 17, 2010

Analysis of:As the Sun Awakens, NASA Keeps a Wary Eye on Space Weather | science.nasa.gov

Should we be concerned about NASA's warning about solar flares?  On June 8, a meeting called "The Space Weather Enterprise Forum" was held at the National Press Club in DC.  NASA says that the sun is going to produce very high solar flare levels and that our technology & society will be greatly affected.  NASA warns that a century-class solar storm coming before the middle of 2013 could cause twenty times more economic damage than Hurricane Katrina.

Simon AtkinsCEO, Senior Industrial Disaster Threat ForecasterAdvanced Forecasting Corporation

Ocean Therapy Technology Can Help Clean Up Oil Spill Environmental Disasters Now

June 6, 2010

Oil spill environmental disasters are a dime a dozen. The following list below briefly describes each major oil spill since 1967. Calculating how much oil has contaminated our oceans (total is well over 1 billion gallons) will make your mind spin. Kevin Costner's "Ocean Therapy" technology cost about $40 million to build (compared to a price-tag of at least $40 BILLION in clean-up costs to British Petroleum in 2010). Why has it not been used? We need to invest in cleaning our oceans now. 

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