Christine's Feed
Dec 5, 2011

Cargill layoff “makes sense,” no rating change-Fitch

CHICAGO, Dec 5 (Reuters) – The decision by commodities
giant Cargill Incto cut about 2,000 employees from
its global payrolls was prudent given world growth prospects, a
Fitch Ratings analyst said on Monday.

“They were probably looking at their overall business with
weaker performance in the first quarter and the slowing
economy, it just makes sense,” said Judi Rossetti, analyst with
Fitch Ratings.

Dec 2, 2011

Agco deal uncovers hidden corner of U.S. farm boom

CHICAGO, Dec 2 (Reuters) – The boom times for U.S.
agriculture in 2011 have focused on soaring land and crop
prices, bumper harvests and biofuels, but a recent deal has
spotlighted a quiet industry that’s booming: grain storage.

Agco (AGCO.N: Quote, Profile, Research), the world’s third-largest farm equipment
manufacturer, this week finalized its purchase of grain storage
manufacturer GSI Holdings for $928 million.

Nov 20, 2011

Is U.S. farm boom sitting on an ethanol bubble?

CHICAGO (Reuters) – Grain farmers in the Midwest may want to pinch themselves.

In recent years they have been buoyed by a dream scenario. Record high prices. Record high profits. Record high farmland values. Near record production. Farm debts paid off.

Nov 15, 2011

U.S. farmland prices hit record highs on crop demand

KANSAS CITY/CHICAGO (Reuters) – U.S. farmland prices in the third quarter saw their biggest surge in over three decades in an accelerating agricultural boom that has so far defied fears of a bubble about to burst.

Prices hit record highs in the U.S. Plains, where wheat and cattle dominate production, and jumped 25 percent in the Midwest Corn Belt where bumper grain crops and recovering livestock markets put more money in farmers’ wallets and enticed investors to bid up for the fertile ground, according to two Federal Reserve bank surveys issued on Tuesday.

Nov 12, 2011

Convergence issues still a threat to CBOT grains-study

CHICAGO, Nov 11 (Reuters) – A new study of pricing and
storage problems with Chicago Board of Trade wheat futures
concludes that “fixes” aren’t working and the problems may be a
threat to the long-term health of CBOT grain markets.

“If non-convergence were to persist, there would be
potential for a competing set of futures contracts that
enforces convergence to replace the current CBOT and KCBOT
(Kansas City Board of Trade) contracts,” the study says.

Nov 8, 2011

Farm advisers say MF Global debacle erodes market confidence

INDIANAPOLIS (Reuters) – Agricultural bankers and advisers say the bankruptcy of giant futures brokerage MF Global has shaken the farm world’s opinion of futures trading and action must be taken to restore confidence in the system.

Lenders, farmers and farm advisers at the annual meeting of the North American Agricultural Bankers Association here said they were not shocked that a firm like MF Global could run aground trading its own money in volatile world markets.

Oct 24, 2011

Crop scientists now fret about heat not just water

CHICAGO (Reuters) – Crop scientists in the United States, the world’s largest food exporter, are pondering an odd question: could the danger of global warming really be the heat?

For years, as scientists have assembled data on climate change and pointed with concern at melting glaciers and other visible changes in the life-giving water cycle, the impact on seasonal rains and irrigation has worried crop watchers most.

Oct 21, 2011

Illinois harvest steams ahead, farmers store corn

BIG ROCK, Illinois (Reuters) – Steve Ruh, a 42-year-old farmer harvesting some of his 3,000 acres of corn and soybeans 50 miles west of Chicago, says he could not be more pleased with how this year’s harvest is going.

Ruh, sitting inside the high-tech cab of his $250,000 Case International combine, has one eye on the yield monitor and another on the eight rows of corn he is harvesting as he steams through another mile-long stretch of seven-foot high corn stalks one chilly morning this week.

Oct 16, 2011

Women seen key to solving hunger issues in Africa

DES MOINES, Iowa (Reuters) – Sub-Saharan Africa faces daunting problems staving off famine in coming decades but food and development experts also say one solution to the problem is obvious: empower women.

“They are the major producers of food crops in Africa. If we want to make a real headway on food production, we should be able to invest in women, improve their skills and access to the inputs they require,” said Namanga Ngongi, president, Alliance for a Green Revolution in Africa (AGRA), a top seed producer.

Oct 14, 2011

DuPont CEO says agriculture a “tremendous” opportunity

DES MOINES, Iowa, Oct 13 (Reuters) – U.S. chemicals giant
DuPont (DD.N: Quote, Profile, Research, Stock Buzz) sees big growth opportunities ahead in its
agricultural sector as the world’s population expands 30
percent and food needs double by 2050.

“As we take a look at the value chains and what is going on
around the world with population growth, we see agriculture as
being a tremendous opportunity,” DuPont Chief Executive Officer
Ellen Kullman told reporters here on Thursday during the World
Food Prize meetings.

    • About Christine

      "As community editor for Thomson Reuters global on-line chatroom for grains traders and analysts, the Global Ags Forum, I lead chats on the latest factors driving grains and oilseeds markets worldwide, organize chat events with expert industry sources and promote the room to potential market players. Based in Chicago, I also report on U.S. cash and futures grains and oilseeds markets."
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