Hints and tips:
...Ethanol currently sells for $2.18 a gallon, though the fuel requires additional processing to power aircraft....
...ADM is among the small group of international companies that lead international grain handling and processing, purchasing crops such as corn, wheat and soyabeans from farms for distribution or processing...
...Citadel Securities has grown into the largest market maker on the New York Stock Exchange and established a large presence in Europe and Asia, processing huge volumes of orders for equities, bonds and derivatives...
...As Ron Klain, an Indiana native who is an experienced Washington political hand and vice-president for Revolution LLC, Mr Case’s investment firm, predicts: “Over time, young talent will move to those places...
...He says activities where Cargill can win include animal feed, meat processing, food ingredients such as corn-based sweeteners, and grain and oilseed trading....
...Wendell Shauman, 70, who farms 1,000 acres of corn and soyabeans near the Mississippi river in western Illinois, says he would prefer for the mega deals not to go ahead....
...“The market is telling the farmer, ‘we want more of this’,” says Lynn Clarkson, founder of Clarkson Grain, an organic and non-GMO corn and soyabean merchant in Illinois....
...Someone seemed to be using a computer algorithm to place large orders in corn — a critical market for a company that feeds the grain to its cattle, pigs and chickens — then mysteriously cancelling them before...
...Ahead of Tuesday’s USDA report the forecast remains cloudy: Commodity Weather Group eyes more rain through Friday, with the heaviest amounts in Corn Belt states such as Iowa, Illinois, Indiana and Ohio....
...The Illinois-based company saw tumbling corn prices and strong ethanol demand push up margins for its corn processing operations....
...Illinois and other states in America’s Midwestern “corn belt” are on track to produce a record US corn harvest for a second consecutive year....
...McDonald’s, which sources from OSI in the US, invited the Illinois-based company to set up a processing plant in China when the fast food chain entered the country in the early 1990s....
...In recent years, major corporations including United Continental and Hillshire Brands have moved from sprawling campuses in the suburbs into the city, where Archer Daniels Midland, a $32bn food processing...
...is owned by Illinois-based OSI Group....
...OSI Group, the privately held Illinois-based meat processor whose Shanghai plant is accused of relabelling expired meat amid other systemic violations, apologised and said on its website it would “not try...
...The mountain of grain has been good for merchants that buy it from farmers for processing or sale....
...Analysts said prices would have to rise further if the pace of soyabean processing to produce meal and oil were to slow....
...The move comes as the Illinois-based group looks to improve its return on capital....
...The company’s soyabean operations, which include a vast processing plant at its Decatur, Illinois headquarters, ran at record capacity during the quarter....
...In its home town of Decatur, Illinois, the company has been drilling wells in search of alternative water sources for its massive corn and soyabean processing facilities as drought empties a local lake....
...The worst US drought in a half century has buffeted ADM shares as a smaller corn crop raises costs for its corn processing business and reduces export volumes....
...Moderate droughts in Illinois, Nebraska and Iowa were upgraded to severe in the past week. (Reuters)....
...The drought that has ravaged corn and soyabean crops in the US has caused a rise in the cost of chicken feed for British farmers and poultry processors, pushing many into losses....
...The deal brings together Marubeni’s network of 60 US grain-loaders, concentrated near the Canadian border, with Gavilon’s 140, mostly in Iowa, Illinois and Nebraska....
...At the corn processing segment, which makes sweeteners and fuel ethanol, operating profit fell by nearly half to $179m during a quarter in which corn peaked at a record of almost $8 a bushel, increasing...
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