Moderate Drought Now Impacting US Soybeans After Run Up in Corn and Wheat
August 18, 2011
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
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
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
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
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
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
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
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
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.
Shale gas abundance provides new options for energy companies
February 13, 2012
Chesapeake Energy bites the natural gas bullet
January 25, 2012
Flurry of newbuild drilling rig deliveries in 2012 may dampen rig rates
January 20, 2012
Talisman joins the ranks of cautious E&P companies
January 12, 2012
Early signs of caution begin to cloud frontier exploration and production
January 4, 2012