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jerryking : grains   45

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
Beans: The Superfood You've Always Known - WSJ
By Anne Marie Chaker
Updated March 18, 2018

More than ever, food companies roll out waves of trendy ingredients to compete with one another. As labels, sourcing claims and dietary restrictions make eating more complicated, industry executives say, consumers want simplicity. An old-fashioned ingredient offers something easy to latch onto.
pulses  legumes  grains 
march 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
The making of the next big food trend - The Globe and Mail
ANN HUI
National Food Reporter The Globe and Mail Last updated: Tuesday, Jan. 12, 2016
pulses  trends  food  grains 
january 2016 by jerryking
The COST of FREEDOM
November 28, 2014 | Report on Business Magazine | JAKE MACDONALD
farming  agriculture  agribusiness  grains 
july 2015 by jerryking
Quinoa Pilaf - The Globe and Mail
LUCY WAVERMAN
Special to The Globe and Mail
Published Tuesday, Jun. 24 2014
quinoa  grains  recipes  Lucy_Waverman 
august 2014 by jerryking
From bushel to bread: How Canada’s wheat feeds the world - The Globe and Mail
ERIC ATKINS
STANDARD, ALTA. — The Globe and Mail
Published Saturday, May. 17 2014,
grains  farming  agriculture 
may 2014 by jerryking
Alliance Grain Traders: Stock's runup plants seed of caution - The Globe and Mail
BRENDA BOUW

Special to The Globe and Mail

Published Tuesday, Feb. 18 2014
grains  pulses 
february 2014 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
The Heat Is On for Farmers - WSJ.com
Nov. 20, 2013 | WSJ | By Neena Rai.

Ongoing extreme weather shocks are threatening global food security: Agricultural harvests are now more prone to drastic variations in size, making food prices increasingly volatile...The sharp increase in 2013 cereal production is due to a rebound in the U.S. corn crop and record wheat harvests in countries in the Commonwealth of Independent States. World rice production in 2013 is also expected to grow.

Global cereal stocks are thus anticipated to increase 13% this year to 564 million metric tons. Wheat and rice stocks are projected to rise, by 7% and 3% respectively, said the FAO...."In the last decade, food prices have been highly erratic and we have never seen such instability before," says Bruce Campbell, director of the CGIAR Research Program on Climate Change, Agriculture and Food Security. "There are a number of causes, but an important one relates to the weather, where drought or heat hits a major food-producing region of the world. "I think the extremes we have seen in the last few years are here to stay," he warns.... Raju Agarwal, executive director of OneProsper International, an Ottawa-based charity, which distributes drip-irrigation kits to Indian farmers.....While boosting crop production and improving access to food are key to ensuring global food security, in developed nations a more efficient use of available food could also help to feed the hungry. Even small, easy acts by consumers and retailers could dramatically cut the 1.3 billion metric tons of food wasted each year world-wide, the U.N. has said. It claims approximately one-third of all food produced, worth around $1 trillion, is wasted or lost in the food production process.
farming  agriculture  climate_change  grains  cereals  weather  volatility  instability  pricing 
november 2013 by jerryking
How Steeltown transformed into a booming agrifood hub - The Globe and Mail
Oct. 02 2013 | The Globe and Mail| by BARRIE McKENNA.

“Agriculture is the new steel for Hamilton,” said Ian Hamilton, vice-president of the Hamilton Port Authority and head of real estate development. “Five years ago, the market for steel collapsed. And that’s when it hit home that we had to diversify.”

Since then, the port has attracted $200-million in new investment, including $40-million in various agriculture-related projects, such as new and expanded storage and handling for grains and fertilizer. In 2007, Bunge Ltd. expanded its canola processing plant and Biox Corp. opened a 67-million-litre biodiesel plant at the port....The port has ambitious plans to boost tonnage capacity by expanding rail links that would double the length of trains that can access the harbour, to 100 cars from 50. Efforts are also under way to attract new value-added manufacturers, such as margarine makers, distilleries and breweries plus a flour mill to help feed a nearby Maple Leaf Foods mega-bakery, opened in 2011.
Hamilton  agriculture  Barrie_McKenna  grains  pulses  hubs  exporting  Bunge  agribusiness  waterfronts 
october 2013 by jerryking
Dal route
October 2013 | Report on Business Magazine | Gary Salewicz
lentils  supply_chains  food  farming  agriculture  pulses  grains  India  Saskatchewan 
september 2013 by jerryking
Global grain prices set for bumper year in 2013 - The Globe and Mail
Kevin Allison

Reuters Breakingviews

Last updated Tuesday, Dec. 18 2012,
grains  commodities  food_crops 
december 2012 by jerryking
Drought sends grain prices soaring
Jul. 19 2012 | The Globe and Mail | by CARRIE TAIT AND PAV JORDAN.
commodities  grains  food_crops  weather  pricing  farming  agriculture  droughts  corn 
july 2012 by jerryking
The World's Hottest Commodities Are In Your Cereal Bowl
February 16, 2008 | Globe and Mail pg. B4 | JOE FRIESEN AND MARCUS GEE
cereals  grains  Marcus_Gee  Joe_Friesen  lentils  food_scarcity  farmland 
june 2012 by jerryking
Chicago grain trade weathers 'live' data - Finance News - Crain's Chicago Business
June 12, 2012
Today's Headlines 6/13/2012

Bulls moving practice center to Chicago
CTA, Groupon team up on discount fare deal
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Groupon speeds payments to some European merchants
Chicago grain trade weathers 'live' data
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View All of Today's News Headlines

(Reuters)
grains 
june 2012 by jerryking
Experts say innovation is today's key ingredient for agri-food export success - The Globe and Mail
May. 31 2012 | The Globe and Mail |

* Earl Geddes, executive director of the Canadian International Grains Institute (CIGI).
* AGRI-FOOD ECONOMICS With Peter G. Hall, Vice President, and Chief Economist, Export Development Canada ...“Mung beans are used to make vermicelli noodles,” explains Earl Geddes, executive director of the Canadian International Grains Institute (CIGI). “Canada doesn’t grow mung beans, so our researchers discovered how to extract and use yellow pea starch to make noodles.”

It was just the job for CIGI. A not-for-profit organization founded in 1972 – funded by Agriculture and Agri-Food Canada, the Canadian Wheat Board, other industry and government sectors – CIGI’s mission is to enhance global competitiveness of Canadian field crops.

Using a flour mill, pasta presses, cooking extruders and other food processing equipment in CIGI’s downtown Winnipeg office, researchers “fractionate” field crops into their component parts to make them more food-ready and broaden their usefulness.
innovation  agriculture  agribusiness  exporting  EDC  Canada  grains  food  farming  competitiveness  food_crops 
june 2012 by jerryking
Miso Soup
Miso, a paste made from fermented soybeans and grains, is a wonderful flavouring for soups. It's aged anywhere from 2 months to several years; for the best flavour choose one that has been aged for 2 years.
1/4 cup arame 50 ml 6 cups cold water 1.5 I 1 1/2 oz. kombu 42 g 1 onion, diced 1 2 carrots, thinly sliced 2
112 tsp. grated ginger root 2 ml
1 tbsp. mirin or rice vinegar 15 ml 1/4 cup barley miso 50 ml 112 cup mushrooms, sliced 125 ml 8 oz tofu. diced 250 g
1/2 cup chopped red pepper 125 ml
1/4 cup chopped chives 50 ml
1. Soak arame in 1 cup/250 ml water for 15 minutes; drain.
2. In large soup pot, combine water and kombu. Heat slowly over medium heat
for 20 minutes; do not let water boil.
3. In non-stick skillet, cook onions until soft, about 4 minutes; add carrots, red pepper and arame; cook 5 minutes.
4. Remove softened kombu from soup pot; add ginger root and mirin. Bring stock to a simmer. 5. Pour 1/2 cup (125 ml) of stock into small bowl; whisk in miso until well
blended. Stir miso mixture back into soup pot. Add mushrooms, tofu and onion mixture. Simmer 5 minutes. Serve hot with chives sprinkled on top. Makes 6 servings.
soups  Japanese  recipes  soybeans  grains  vegetarian 
march 2012 by jerryking
Protein - What is it? How Does One Get Enough?
WHAT ARE GOOD SOURCES OF PROTEIN?

Dairy products, soy products, nutritional yeast. sprouts, whole grains, nuts, seeds. legumes and vegetable.
Combining certain foods is helpful for obtaining maximum protein potential‘ As mentioned earlier, certain amino acids are supplied by the food we eat. They are known as "essential amino acids“ because they are the only 8 that the body cannot manufacture. Foods which contain those missing one or more of the amino acids are called incomplete proteins.
proteins  dairy  grains  seeds  legumes  vegetables  vegetarian  soybeans 
march 2012 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
The Minimalist - Recipes for 101 Simple Salads for the Season
July 21, 2009 | NYTimes.com | By MARK BITTMAN. (1) MOSTLY
VEGAN SALADS (2) VEGETARIAN SALADS (3) SALADS WITH SEAFOOD (4) SALADS
WITH MEAT (5) SALADS WITH NOODLES (6) GRAIN SALADS.
assorted  salads  recipes  Mark_Bittman  vegan  Vegetarian  seafood  pasta  grains 
july 2009 by jerryking
Hedge Funds Join Grains Rally - WSJ.com
FEBRUARY 26, 2007 | The Wall Street Journal | by TOM POLANSEK

Hedge funds may start taking a bigger role in the booming grains markets seeking investments that aren't correlated to traditional stock and bond markets. "Starting in the late 19th century, companies like General Mills began buying local grain elevators and building facilities as a way to maintain better control of their supplies, says Bruce Selyem,
founder of the Country Grain Elevator Historical Society."
hedge_funds  grains  food_crops  research  agribusiness  agriculture  farming  commodities  correlations  19th_century 
march 2009 by jerryking
Bet on agriculture for next boom, Rogers says
04-27-2006 The Globe and Mail article by John Partridge about
investor Jim Rogers who believe that the commodities market will be
buoyed by agricultural products.
investing  food_crops  livestock  commodities  Jim_Rogers  grains  investors 
january 2009 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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