December 8, 2016 @ 7:49 pm | Sell, SYT |
The offer on the table from ChemChina to purchase Syngenta (SYT) works out to a price of about $94 a share. So why is Syngenta selling today at $80.06 a share? Because the risk that this deal won’t get completed continues to climb. At the Chinese end because...
February 2, 2016 @ 3:53 pm | SYT |
Update February 2: It looks like a buy out of Syngenta (SYT) is on again. Bloomberg is reporting that China National Chemical, a state-owned enterprise, will announce a formal bid for the Swiss seed and agricultural chemical maker as early as tomorrow. The price...
February 11, 2011 @ 8:30 am | Leading Indicators, SYT |
China, the world’s largest wheat producer, is facing a severe drought in areas of the North China plain that account for 67% of the country’s wheat crop. China’s wheat production fell to 114.5 million tons in the 2010 harvest from 115.1 million tons a year earlier....
February 1, 2011 @ 8:30 am | IEF, Leading Indicators, SYT |
Food prices are headed back to the historic peaks they hit in 2007-2008. Last time I wrote about food—on January 14–that was the headline.  A little more than two weeks later that observation seems old hat. Events in Tunisia and Egypt—and elsewhere in the...
January 14, 2011 @ 8:30 am | Leading Indicators, SYT |
Riots in Algeria over the cost of sugar and wheat. Mexico’s government buys corn futures to hedge against rising tortilla prices. Indian Prime Minister Manmohan Singh forced to arrange onion imports from traditional enemy Pakistan. Chinese Premier Wen Jiabao promises...
December 21, 2010 @ 8:30 am | AMZN, Leading Indicators, SYT, You May Have Missed |
2011 is shaping up to be a volatile year. The euro debt crisis threatens to expand to include Spain—before Greece and Ireland have moved out of danger. The U.S. economy seems to be on a path of moderate growth but the end of spending from the 2009 stimulus package in...
October 14, 2010 @ 1:48 pm | Leading Indicators, SYT |
The fall out continues from the U.S. Department of Agriculture’s shocking turnaround on the size of this year’s corn crop. On Friday October 8 the USDA completely reversed its optimistic September 30 projection of corn production for the year and slashed its estimate...
October 12, 2010 @ 1:17 pm | Leading Indicators, SYT |
It looks like the U.S. Department of Agriculture has been completely wrong-footed by the U.S. corn crop. And that has sent agriculture stocks soaring today, October 8. Just a few months ago the USDA was projecting a record crop. Just a couple of weeks ago on September...