February 12, 2016

12/02/2016: Oilseed and Grain news

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Sunset on the Amazon (Image: Global Water Forum)
New Amazon-based grain terminal to begin shipments in July
Brazilian logistics company, Hidrovias do Brasil announced that its US$384 million grain terminal on the Tapajos River in the Amazon will begin handling crops for export beginning in July. 

ChemChina offers bid of US$43 billion for Syngenta
Syngenta’s board has endorsed the US$43 billion ChemChina bid which translates to an offer of US$465 per share in cash.
 
New enzymes could significantly increase wheat yields

Scientists have found that certain forms of a naturally occurring plant enzyme, Rubisco, can increase the efficiency of photosynthesis resulting in a 20 percent increase in wheat yields.

ADM continues diversification with Harvest Innovations acquisition

ADM continues on its path of diversified growth with the acquisition of gluten-free and non-GMO ingredient company Harvest Innovations.

Ingredion expands specialty business in China

Ingredion is expanding its presence in China and creating a foothold from which to expand into Asia Pacific with the acquisition of China’s state-owned Shangdong Huanong Specialty Corn Development Co.
       
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Image: Marufish
South Africa to see corn crop 30 percent lower year on year

Rainfall in South Africa has fallen to its lowest level since the weather service began tracking such data in 1904.

Soybean processing in Argentina expected to surpass record levels in next two years

As economic and trade reforms take hold, Argentina’s soybean processing industry is expected to increase output beyond record levels within the next two years.

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