Hints and tips:
...One company, Algeco, had to jack up yields on a €1.4bn-equivalent bond sale, with a triple-C rated $305m part of the deal set at an eye-watering 11.5 per cent yield....
...But the investors in TSM Adm earned a return of 4.41 per cent, 0.26 percentage points higher. And the investors in the ETF earned 2.58 per cent, 1.57 percentage points lower....
...Dreyfus and its rivals ADM, Bunge and Cargill make up the “ABCD” group of companies that dominate global flows of food commodities....
...Louis Dreyfus Commodities and its US-based rivals ADM, Bunge and Cargill are known in the industry as the “ABCD” group that dominates agricultural commodities flows....
...This year, several multibillion-dollar deals have been announced, including Glencore’s purchase of Viterra of Canada for more than $6bn, Marubeni’s acquisition of Gavilon for $5.3bn and ADM’s near $2.8bn...
...It and US-based rivals ADM, Bunge and Cargill are known in the industry as the “ABCD” group that dominates agricultural commodities flows....
...ADM, Bunge and Cargill, along with Louis Dreyfus Commodities of France, are known by their initials as the “ABCD” of companies that dominate global agricultural trading flows....
...Additional reporting by Anousha Sakoui, Gregory Meyer and Jack Farchy...
...“One of the key themes we’ve been pushing for the past 12 months is being as close as we can to the farmer or producer,” said food analyst Jack Gorman of Dublin stockbrokers Davy....
...But the shares of trading companies such as ADM and Bunge surged on the prospect of more businesses exporting wheat from the US....
...None of the largest cocoa trading companies – such as Cargill and ADM of the US, Singapore’s Olam, Touton of France, as well as hedge fund Armajaro and Barry Callebaut, the world’s leading chocolate maker...
...“The US ethanol market has reached the point of saturation,” ADM said in a letter to the Environmental Protection Agency. “Right now, the industry is producing more than the market can absorb.”...
...the chairman of the joint chiefs, and Gen Petraeus are also conducting separate reviews. ”The review does not suggest that the strategy has failed as was the case in Iraq in 2006,” said retired General Jack...
...In an interview with the FT, Adm Fallon said it was prudent for the US to prepare a range of plans, since it was difficult to predict now how security would look at the end of next summer....
...At a conference this week, ADM said it was planning to switch parts of its ethanol production to higher margin products such as high fructose corn syrup, which is used to make fizzy drinks....
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