Christine's Feed
Nov 8, 2010

Farm credit foe sees Republicans keeping them

OMAHA, Nebraska (Reuters) – The Farm Credit System (FCS) and the farm bill, two frequent targets of conservative attacks on government spending and farm supports, will likely see little change despite the big win for Republicans in U.S. mid-term elections, a top critic of the FCS said on Monday.

“The thing that is interesting about agriculture when it comes to the Farm Credit System there is fairly broad bipartisan support. That is something that drives bankers nuts,” Ely told Reuters on the sidelines of a farm lending conference here.

Oct 15, 2010

U.S. hopes to sow Afghan peace with farm recovery

DES MOINES, Iowa (Reuters) – As the United States struggles to end the longest war in its history in Afghanistan, agriculture is becoming a crucial part of its long-term strategy.

Donors, government officials and food industry executives say the United States, the world’s most productive grower and exporter of food and fiber, is making progress in efforts to reestablish Afghan agriculture ravaged by decades of war.

Oct 14, 2010

No immediate investment boost from E-15 -Cargill

DES MOINES, Iowa, Oct 14 (Reuters) – Agribusiness giant
Cargill Inc [CARG.UL], a major producer of biofuels, said on
Thursday the U.S. government’s move to allow more ethanol in
U.S. gasoline would have no immediate effect on its investment
plans.

“I think it’s something that has to be considered. At this
moment it’s unlikely to be an immediate stimulus,” Cargill
chief executive Greg Page told Reuters in an interview on
Thursday.

Oct 12, 2010

Cargill earnings rise, Mosaic stake lifts

CHICAGO (Reuters) – U.S. agribusiness and trading giant Cargill Inc CARG.UL said quarterly earnings rose 68 percent, boosted by its majority stake in fertilizer maker Mosaic Co (MOS.N: Quote, Profile, Research, Stock Buzz) and its food and trading sectors.

Minneapolis-based Cargill, one of the world’s largest privately held corporations, reported net earnings of $883 million for the quarter that ended August 31, from $525 million a year earlier.

Sep 29, 2010

Big Cargill corn plant feeds green economy

BLAIR, Nebraska (Reuters) – From the road, an hour north of Omaha, the giant industrial plant looks like a typical oil refinery, sprawling over more than 600 acres with massive storage drums, miles of piping, clouds of steam and exhaust.

But this refinery is tied more to corn oil than crude oil.

It also presents visitors with an intriguing glimpse into what boosters like President Barack Obama call “the green economy,” an industrial base centered on renewable resources like crops and on products like ethanol and biofuels.

Sep 2, 2010

Grains analyst Rich Feltes moves to RJ O’Brien

CHICAGO, Sept 2 (Reuters) – RJ O’Brien, the largest
independent U.S. brokerage, announced on Thursday that top
grains analyst Rich Feltes will join the firm as vice president
of research beginning Sept. 30.

Feltes, 61, who served as senior vice president and
director of commodity research at MF Global (MF.N: Quote, Profile, Research, Stock Buzz), the world’s
largest futures retail broker, left that company this week.

Aug 17, 2010

Cargill quarterly earnings more than double

CHICAGO (Reuters) – Agribusiness and trading giant Cargill Inc CARG.UL said quarterly earnings more than doubled, with all five of its main global business segments posting profits.

Minneapolis-based Cargill, one of the world’s largest privately held corporations, reported net earnings of $691 million for the fiscal fourth quarter ended May 31, up from $327 million a year earlier.

Jun 20, 2010

Grains Week Ahead-Yuan move welcome, but all eyes on weather

CHICAGO, June 20 (Reuters) – China’s surprising move over
the weekend signaling a new willingness to let its currency
gain strength may give grain prices an initial boost this week,
but recent adverse weather for world crops will be more
important.

“I, and a few other commercials, see the news as mildly
supportive. More important may be how the external commodity
markets react to the news,” said Dan Basse, president of grain
and livestock industry consultant AgResource in Chicago.

Jun 15, 2010

CBOT oats surge 40 pct in a week on Canada crop

CHICAGO, June 15 (Reuters) – Usually sleepy oats futures
have staged a ferocious rally in the latest week, for their
biggest price jump in nearly a decade, as worries have mounted
about a short crop in Canada, the largest supplier of U.S. oat
imports.

“The oat market is up 40 percent in a week — it is the hot
commodity globally right now,” said Rich Feltes, senior vice
president of MF Global Research in Chicago.

Jun 11, 2010

U.S. farm bankers nervous about bullish outlook

KANSAS CITY, June 11 (Reuters) – U.S. farmland prices have
been firming as China’s heavy purchases of the country’s farm
exports have fueled a boom in agriculture.

Still, many veteran U.S. farm lenders are nervous about
agriculture’s historical tendency to boom-and-bust cycles.

    • 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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