Cargill Getting rid of 1.4% of their staff!

[SASKFARMER3]

OK this is hot off the presses, Cargill will get rid of 1.4% of their staff due to slow down of the world economy.
So if you have 10 at your local elevator, 1.4 are gone or wont be filled.
Ha they cant fill the positions they have at our elevator so no big whoop.
But if their cutting back wouldn't that tell you that maybe the whole grain thing is going to have issues.
Also hot off presses MF Global collapse leaves U.S. farmers with losses. The reported collapse of the large commodities trading company, MF Global, Inc., has stuck many U.S. farmers and farm companies with possible losses, reports the Grand Forks Herald. It’s also raised questions about whether the heated grain markets of the past three years have created a bubble waiting to burst.

[bucket]

Interesting.

Drop the price of grain and the world will be buying their supplies from the chinese. And come next June what will the stocks be?

When in the last decade has anyone seen the cwb issue 100 percent acceptance on wheat and durum a month before Christmas???

[bgmb]

I am going to make a totally random prediction. In the next three years viagra goes broke and gets bought up by one or more of the big American companies. Or maybe timely a hostile takeover is in order.

[SASKFARMER3]

I don't think your that far off on the Viagra transaction. They have cash reserves but its less than their debt. Prime company for take over.
But on Grain prices yes I bet china will clean up supply at bargain basement prices and then when a war or world is in need they will sell back. Their smarter than we are on how free market works.

[furrowtickler]

Cargil is just triming the fat. They have way too many people in thier system.

[ajl]

The current direction of commodities is
downward. It will take quantitative
easing 3 and/or eurobonds in order to get
prices moving higher.

[SASKFARMER3]

Yes way to many people but don't you think your local Case Dealer JD dealer Fert Dealer etc etc. All have way to much staff for what they take in.
I still think were done for a few years on mega prices these guys aren't idiots they no something is up.

[bucket]

Cargill could be trimming all the CWB laison people they have working there.

Can't imagine how else a company would deal with that entity other than dedicated meeting types.

Good news is the cwb should start losing dead weight soon as well.

The cwb should only need about fifty people in winnipeg. If that.

[Hopperbin]

I was surprised last week I could source all L150 for 2000 acres of Canola seed. Along with a 5,000 dollar rebait that I can use on free Chemical. No payment till Feb. 2012.
The 5,000 represents a 5 percent discount. Not sure if farmers that prebought can work on getting these chemical rebaits. Maybe by feb. my rebait will turn into 10,000. Paying over 10 dollars per lb of Canola seed is a little insane anyways.

[SASKFARMER3]

No problem at all getting Canola seed just ordered our l150 and 5440. Trying for section of new Sclerotina variety but no luck so for for that many acres.
Interesting I think farmers are sitting back waiting for purchases.