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Tag Archives: Agribusiness

MERGER UPDATE

The Wall Street Journal reports that Monsanto is pitching its proposal to acquire rival Syngenta to the Swiss pesticide maker’s shareholders as Monsanto strives to get Syngenta’s board to the bargaining table.

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ETHANOL PURCHASE

CHS has purchased Patriot Renewable Fuels’ Illinois ethanol plant in Annawan. The cooperative bought its first ethanol plant, a 133 million-gallon facility in Rochelle, Illinois, last year. CHS is one of the largest merchandisers of distillers’ grains.

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ADM EXPANSION

ADM announced today that it is investing in substantial improvements and expansions to its port facilities in Puerto San Martin in the Argentine state of Santa Fe, enhancing the company’s capability to export grain and other agricultural products from the region. The improvements are expected to be complete by early 2016.

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BIG DATA

Silicon Valley’s interest in backing agriculture and food-related startups soared from 2013-14, doubling in terms of deal size, according to data from the Cleantech Group. Fortune has an article on why agriculture is “big” in Silicon Valley

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DOWNGRADE FOR DEERE

JP Morgan has downgraded its outlook for the stock of John Deere. “We believe it was clear from what we heard that the industry is currently in dire straits with the potential for a liquidity crunch for farmers into 2016,” analyst Ann Duignan wrote in a note to clients. Large used tractor inventories will also… read more

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MONSANTO/SYNGENTA

Major investors in Swiss agrochemicals firm Syngenta are confident a deal with Monsanto will come off if the U.S. firm ups its initial $45 billion bid by at least 10 percent.

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MONSANTO-SYNGENTA UPDATE

Syngenta on Friday rejected a $45 billion takeover offer from Monsanto, saying the offer undervalued the Swiss firm and did not fully take into account regulatory risks. Talks on a possible merger will continue, according to Bloomberg News.

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FARM EQUIPMENT OUTLOOK

For 2015, dealers are now expecting sales to decline 15% year-over-year on average, down from the 11% decline forecast in February. Shortline dealers are the most optimistic, calling for a 10% decline in sales for 2015. John Deere dealers are the least optimistic and are expecting an 18% decline in sales for the year.

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CHINA’S REACH

Little known globally but pervasive in China, Cofco is bulking up to become the Chinese answer to U.S. grain and meat giant Cargill Inc. Cofco—the officially adopted abbreviation of China National Cereals, Oils and Foodstuffs Corp.—now owns food-producing assets on five continents, according to the Wall Street Journal.

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ADM AND FORESTS

ADM “offered a brief outline” of its plan to conserve forests threatened by expanded production of palm and soy oil, according to the New York Times. The company says it will announce details at its annual meeting on May 7.

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