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jerryking : cargill   18

Plant-based ‘meat’ craze drives demand for yellow peas
JULY 3, 2019 | Financial Times | by Emiko Terazono.

The soaring popularity of plant-based meat substitutes has shone a spotlight on a new star ingredient: the humble pea.....From Beyond Meat, which has seen its shares rocket after a flotation in May, to US meat producer Tyson and Nestlé of Switzerland, food companies are turning to protein from the yellow pea as the key ingredient for plant-based foods including burgers, bacon, tuna and yoghurt...The rush to introduce products amid a spike in demand from consumers has led to a scramble to secure supplies. The squeeze has not been caused by the availability of the yellow pea itself — which is plentiful, boosted by Chinese curbs on Canadian imports in the wake of the Huawei row, and a move by India to place tariffs on pulses — but a lack of processing capacity to produce the protein powder extracted from the legume. Producers have simply not kept pace........companies are received just 25% of their pea-protein orders as suppliers diverted the shipment to other buyers....in the face of increased demand....locking down supplies had been front of mind. “We’ve started building up a stockpile. Everyone else is doing it as well.”....Yellow peas, a pulse or dry edible seed that is part of the legume family alongside soyabeans, lentils and chickpeas, have become the protein source of choice for many food companies as consumers are turning away from soyabeans......there is no exchange-based market for pea protein isolate and prices are hard to track,... demand is so strong that buyers have struggled to secure long-term supply deals. “For companies that want to lock in prices for the remainder of 2019 and 2020, there is reluctance from their suppliers to guarantee higher quantities at lower prices,”...Beyond Meat has signed a three-year contract for its pea protein with Puris, adding to a supply agreement with Roquette, which expires at the end of the year. .....Ripple Foods, a California start-up that produces pea-protein based milk, has seen sales double every year since it launched in 2016. The company, which counts Goldman Sachs among its investors, contracts farmers to grow yellow peas and then processes its own pea protein. That insulates Ripple from price swings.....taking Ripple out of the pea protein market...An increasing number of food and ingredient companies have invested in the pea protein sector over the past few years. Cargill.... backed Puris at the start of last year, putting in $25m and launching a joint venture.

New plants to produce pea protein are expected to get up and running over the next year. Roquette is building a processing plant in Manitoba, Canada, while Verdient Foods of Saskatchewan, a plant protein group backed by James Cameron, the Oscar-winning director of the film Titanic, is also planning new capacity.

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Beyond_Meat  Big_Food  Cargill  food_tech  legumes  Nestlé  plant-based  pulses  Puris  proteins  Ripple  Roquette  soybeans  stockpiles  supply_chains  supply_chain_squeeze  Tyson  Verdient 
july 2019 by jerryking
Firms That Bossed Agriculture for a Century Face New Threat: Farmers - WSJ
August 15, 2018 | WSJ | By Jacob Bunge

On any given day, Cargill’s global network may handle up to 20% of the world’s food supply, company officials estimate. Crops like corn, soybeans, wheat and canola remain the fuel for much of the empire.

“It’s the root of the Cargill company,” said Marcel Smits, Cargill’s chief financial officer. Still, he said, “it’s clear that everybody in the industry has had a difficult time over the past few years.”

Among the shifts: low crop prices, farmers with more capacity to store their grain and competition for crops from livestock operations and ethanol plants. Venture capital-backed startups are developing services that scan a wider range of grain buyers or connect farmers directly with food makers.

From 2012 to 2017, Archer Daniels Midland Co.’s ADM -0.33% profits in its grain merchandising and handling division fell 39%. Profits from Bunge Ltd.’s BG -0.26% similar agribusiness division dropped 76%. Cargill’s annual profits fell three out of those years, and the company has pointed to struggles in its own grain business as a factor......

A deeper technology effort is advancing inside Cargill’s corporate campus west of Minneapolis, where Justin Kershaw, the company’s chief information officer, is overseeing a multimillion-dollar investment in data science. The company is hiring technicians and building a “digital labs” unit that can knit together satellite imagery, weather-sensor data and artificial intelligence to get an early read on creeping droughts and places where foodstuffs may run short, he said.

Cargill expects the data-crunching unit to show how the company can run its own trading and logistics operations more profitably, Mr. Kershaw said. But Cargill also will use it to develop crop-planning and futures-market services for farmers.
ADM  agriculture  Bunge  Cargill  commodities  consolidation  grains  farming  threats  food_crops  informational_advantages 
august 2018 by jerryking
Commodity trading enters the age of digitisation
July 9, 2018 | Financial Times | by Emiko Terazono.

Commodity houses are on the hunt for data experts to help them gain an edge after seeing their margins squeezed by rivals......commodity traders are seeking ways of exploiting their information to help them profit from price swings.

“It is really a combination of knowing what to look for and using the right mathematical tools for it,” ........“We want to be able to extract data and put it into algorithms,” .......“We then plan to move on to machine learning in order to improve decision-making in trading and, as a result, our profitability.” The French trading arm is investing in people, processes and systems to centralize its data — and it is not alone.

“Everybody [in the commodity world] is waking up to the fact that the age of digitisation is upon us,” said Damian Stewart at headhunters Human Capital.

In an industry where traders with proprietary knowledge, from outages at west African oilfields to crop conditions in Russia, vied to gain an upper hand over rivals, the democratisation of information over the past two decades has been a challenge......the ABCDs — Archer Daniels Midland, Bunge, Cargill and Louis Dreyfus Company — all recording single-digit ROE in their latest results. As a consequence, an increasing number of traders are hoping to increase their competitiveness by feeding computer programs with mountains of information they have accumulated from years of trading physical raw materials to try and detect patterns that could form the basis for trading ideas.......Despite this new enthusiasm, the road to electronification may not come easily for some traders. Compared to other financial and industrial sectors, “they are coming from way behind,” said one consultant.

One issue is that some of the larger commodities traders face internal resistance in centralising information on one platform.

With each desk in a trading house in charge of its profit-and-loss account, data are closely guarded even from colleagues, said Antti Belt, head of digital commodity trading at Boston Consulting Group. “The move to ‘share all our data with each other’ is a very, very big cultural shift,” he added.

Another problem is that in some trading houses, staff operate on multiple technology platforms, with different units using separate systems.

Rather than focusing on analytics, some data scientists and engineers are having to focus on harmonising the platforms before bringing on the data from different parts of the company.
ADM  agribusiness  agriculture  algorithms  artificial_intelligence  Bunge  Cargill  commodities  data_scientists  digitalization  machine_learning  traders  food_crops  Louis_Dreyfus  grains  informational_advantages 
july 2018 by jerryking
How Glencore AG became a giant in the global agriculture trade - The Globe and Mail
ERIC REGULY
ROTTERDAM, NETHERLANDS
THE GLOBE AND MAIL
LAST UPDATED: WEDNESDAY, MAY 03, 2017

Interested in acquisitions, Glencore AG has accumulated an extensive network of grain assets around the world, and has no plans of stopping
Eric_Reguly  Glencore  soybeans  CPPIB  Argentina  ADM  Bunge  Cargill  Louis_Dreyfus  oilseeds  Viterra  agriculture  growth  opportunities  Rotterdam  grains  logistics  storage  transportation  trading  agribusiness  supply_chains  Marc_Rich 
may 2017 by jerryking
Horizon Milling G.P. Purchases Land in Guelph, Ontario, to Build State-of-the-Art Flour Mill
13 Dec 2011 | Targeted News Service [Washington, D.C]

Horizon Milling G.P., a partnership formed by Cargill and CHS, today announced plans to construct a new flour mill in Guelph, Ontario. The fac...
agribusiness  grains  Ontario  Guelph  Cargill 
november 2013 by jerryking
Cargill Beats Back Co-Op on Hedges - WSJ.com
February 5, 2013 | WSJ | By CAROLYN CUI.

Cargill was hired as Autauga's marketing agent, which included helping the cooperative place hedges. Waudware??
hedging  commodities  Cargill 
february 2013 by jerryking
The comeback commodity
April 25, 2002 | Supply Management | Andy Aitken
palm_oil  commodities  oilseeds  Malaysia  Indonesia  fats  Cargill  ADM 
december 2012 by jerryking
Si Cuba
July 2004 | Robb Report Worth | Philips Peters
Cuba  opportunities  ADM  Cargill  Fidel_Castro  FDI  sanctions 
august 2012 by jerryking
Cashew Market Cracks in African Turmoil - WSJ.com
May 23, 2012 |WSJ | By DREW HINSHAW And LIAM PLEVEN.

Africa Turmoil Cracks Cashew Market
Amid Military Uprising, Farmers Are Unable to Ship Harvest to Indian Factories That Steam Nuts Out of Shells
farmland  Africa  agriculture  farming  Cargill  Monsanto  Dupont 
may 2012 by jerryking
Viterra another example of Canadian short-sightedness - The Globe and Mail
ERIC REGULY | Columnist profile | E-mail
ROME— From Saturday's Globe and Mail
Published Friday, Mar. 23, 2012

The point is that Viterra is irreplaceable, certainly within our lifetime. Glencore is nabbing 63 grain elevators and seven port terminals in Canada that could not magically be built overnight should another group of investors decide to clone Viterra.

This industry has massive barriers to entry and that’s why Glencore, led by the ever-savvy Ivan Glasenberg, pounced. For him, it was a once in a lifetime opportunity (and pocket change compared to Glencore’s $45-billion market value). If he didn’t nail Viterra, he knew it would have disappeared into the maw of Archer-Daniel-Midlands, Cargill, Bunge, Louis Dreyfus or any of the other agribusiness heavyweights who know that food isn’t going out of style and that feeding another 2 billion people by 2050 just might translate into compelling growth story....If there is one industry that had a bright future, it was global agriculture and Canada had all the components: Land, water, fertilizer, technology, schools, expertise, infrastructure, agri-business companies. What it lacked was ambition.

Viterra could have been the foundation of a Canadian Glencore or Cargill. Now it’s a piece of someone else’s global vision.
Eric_Reguly  agriculture  agribusiness  barriers_to_entry  Viterra  M&A  mergers_&_acquisitions  farming  sellout_culture  short-sightedness  one-of-a-kind  Glencore  ADM  Cargill  Bunge  Louis_Dreyfus  vision  ambitions  uniqueness 
march 2012 by jerryking
Clouds looming over Asian commodities -
13 Aug 2011 | Financial Times pg. 8. | by Kevin Brown
ProQuest  palm_oil  commodities  Cargill  food_crops 
august 2011 by jerryking
FT.com / Companies / Financial Services - Louis Dreyfus considers options for reinvention
September 23 2010|FT| By Javier Blas. When Léopold
Louis-Dreyfus, the 18-yr-old son of a farmer from Alsace, started in
1851 buying wheat from local farmers and selling it in a market town, he
could not have dreamed how his grain trading business would grow over
the next 150 years (remaining family-owned and expanding into a
conglomerate including cereals, ships and weapons).Today, Louis Dreyfus
Commodities, still controlled by descendants of Léopold, is one of the
world’s largest agricultural commodities trading houses, rivalling
competitors such as Illinois-based Archer Daniels Midland, New
York-based Bunge and Minneapolis-based Cargill. The four, known because
of their initials as the industry’s “ABCD”, dominate global flows of
agricultural raw materials. The French family-owned group is considering
a radical change of ownership, exploring options, including an initial
public offering or the sale of a stake to long-term investors.
family-owned_businesses  agriculture  commodities  conglomerates  food_crops  Cargill  Louis_Dreyfus  ADM  grains  traders  options  reinvention 
september 2010 by jerryking
Cargill's Inside View Helps It Buck Downturn
Jan 14, 2009, WSJ article on Cargill.

"Cargill freely acknowledges it strives to profit from that information.
"When we do a good job of assimilating all those seemingly unrelated
facts," says Greg Page, Cargill's chief executive, in a rare interview,
"it provides us an opportunity to make money...without necessarily
having to make directional trades, i.e., outguess the weather, outguess
individual governments."
CEOs  Cargill  business_development  market_intelligence  scuttlebutt  insider_information  information  information_flows  commodities  grains  farming  agriculture 
january 2009 by jerryking

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