Archer-Daniels-Midland Co. (ADM)

All Comments on ADM

  • commenter
    Jim Z.
    Oct 10 05:11 PM
    VeraSun Energy:Buyout Candidate, If Obama Wins [view article]
    Hi Chris,
    I am a business student conducting a research report on a potential merger between ADM and VeraSun. I was wondering if you could contact me so that I can ask you a few specific questions.
    Thank you,
    Jim (jzografos1@babson.edu...     Reply
  • commenter
    friedrich
    engels
    Oct 10 12:43 AM
    The Burst Commodities Bubble [view article]
    i'm short mos and look forward to some decent returns, tomorrow most likely. i'm thinking - always dangerous - that tomorrow, 10/10, will be a day of hard selling. who wants to be long going into a weekend? Reply
  • commenter
    Subsidy Eye
    Oct 09 03:56 PM
    My Website
    Study Shows Ethanol Energy Efficiency Is Growing [view article]
    Wheels 14: that was in 2005, an a-typical year (thanks to Hurricane Katrina, which shut down the Mississippi ports for several months, thus limiting exports and depressing the domestic price).

    The point about ethanol subsidies (unlike the crop payments), is that the USA has committed to reducing crop subsidies as part of the WTO's Agreement on Agriculture, whereas in the case of ethanol subsidies, the sky's the limit. And the annual expenditure is growing fast.     Reply
  • commenter
    wheels14
    Oct 09 02:29 PM
    My Website
    Study Shows Ethanol Energy Efficiency Is Growing [view article]
    Sub,
    Farmers were dumping corn for $1.85 and getting reimbursed by the government to a sale price of $2.95. With 13 billion bushels of corn grown, that is $14.3 Billion dollars per year. And that is only corn, are price supports for wheat, soybeans...etc

    Starting another topic. The subsidies would be better spent going to companies building infrastructure, than to the blenders.     Reply
  • commenter
    Subsidy Eye
    Oct 09 01:39 PM
    My Website
    Study Shows Ethanol Energy Efficiency Is Growing [view article]
    Wheels 14, as for deducting the costs of crop subsidies, that is an interesting question. Crop subsidies depressed crop prices, some would say (in the nine years following the 1996 reforms) by 23% below average farm production costs for corn, and 15% for soybeans.

    www.ase.tufts.edu/gdae...

    Rather than speaking of "savings" in crop subsidies, however (which I do not think should be treated as entitlement), when we count the contribution of corn-ethanol subsidies to increases in the cost of corn, we should count only the increase above the price that would have obtained in the absence of crop subsidies -- i.e., which would at least have covered production costs. Sorry, but I can't provide that figure at the moment.     Reply
  • commenter
    nakedjaybird
    Oct 09 12:21 PM
    Study Shows Ethanol Energy Efficiency Is Growing [view article]
    Don't forget algea - a pond of algea produces much more (like 10-20x) than acres of flooded CRP subsidized land. Reply
  • commenter
    nakedjaybird
    Oct 09 12:18 PM
    Study Shows Ethanol Energy Efficiency Is Growing [view article]
    michael d - you're mi kind o guy - you're out-of-your-mind processing is no worse than what we're currently doing. What in the world are they smoking in DC and from Houston to Detroit? For years!!!!!!!!!!!!!! Reply
  • commenter
    wheels14
    Oct 09 10:38 AM
    My Website
    Study Shows Ethanol Energy Efficiency Is Growing [view article]
    dear lucile,

    My car gets better mileage when I use 10% ethanol.     Reply
  • commenter
    wheels14
    Oct 09 10:37 AM
    My Website
    Study Shows Ethanol Energy Efficiency Is Growing [view article]
    Dear Sub,

    You still need to subtract the savings of farm subsidies not spent against the ethanol subsidy. If in fact you believe ethanol caused the price of grains to increase.
    Reply
  • commenter
    Subsidy Eye
    Oct 09 09:54 AM
    My Website
    Study Shows Ethanol Energy Efficiency Is Growing [view article]
    Frflyer, I'm glad to learn that you are "not a big advocate of ethanol unless it proves to be economical and environmentally makes sense." I can agree with that.

    As for the $84 billion a year estimate from the "Set America Free Foundation", I can't find in the document. The figure I find is $43 billion in lost local, state and federal tax revenues. That figure is $10 billion higher than the $33 billion reported by Freinds of the Earth, and is presumably explained by the inclusion of state and local tax breaks and subsidies.

    The report also enumerates numerous other costs of oil, some of which would be hard to confirm or refute without looking at the original studies from which teh data are derived.

    But back to the comparison with ethanol subsidies, the figures I referred to above were just federal subsidies for ethanol. Throw in state and local tax breaks and subsidies, and the total value comes to over $1 per gallon currently.

    www.earthtrack.net/ear...

    Of course, if one were to expand ethanol use on the basis of (U.S. produced) cellulosic ethanol, then you're looking at $1.01 per gallon ($1.50 per gallon of gasoline equivalent) just in federal tax credits, not to mention subsidies for related infrastructure and (at least in the near term) for plant construction. Add to that various state sales-tax and fuel-tax exemptions for ethanol (or E85) and the total cost could exceed $2.00 per gallon of gasoline equivalent in a number of states.

    Of course, as the Set America Free Foundation document points out, there are indirect costs associated with oil dependency. So to are there from biofuel use, especially biofuels made from cropland. Higher prices for food and other agricultural materials is just one. Economic losses due to supply disruptions could also be high: witness the panick that preceded this year's corn crop before the floods finly subsided.

    Again: the country needs to wean itself off of oil, and stop subsidizing it, but it is hardly a winning strategy to try to buy itself freedom from that dependency by creating a new industry that itself is massively dependent on subsidies.     Reply
  • commenter
    Lepracon
    Oct 09 01:53 AM
    The Burst Commodities Bubble [view article]
    The two most salient points being "nothing has changed fundementally" and it's "stupid to buy stocks based on percentage-off-their highs". MOS is a compelling long term buy, as are stocks like FLR in the E&C sector for the same fundemental reasons. But with the cuffs coming off the shorts tommorrow and Hedge Fund rendemptions looming at the end of the month, I'll sit on the cash a little while longer.

    Reply
  • commenter
    Lucille
    Oct 08 08:42 PM
    Study Shows Ethanol Energy Efficiency Is Growing [view article]
    Does anyone have idata on the required use of 10% ethanol in gasoline versus the resulting decreased mileage per gallon. Reply
  • commenter
    john s.
    gordon
    Oct 08 04:17 PM
    Study Shows Ethanol Energy Efficiency Is Growing [view article]
    we can export the hemp leaves to mexico & solve the balance of payments problem
    > jack     Reply
  • commenter
    Blue collar
    guy
    Oct 08 03:02 PM
    The Burst Commodities Bubble [view article]
    I have no worries about these stocks whatsoever, regardless of their monstrous precipitous fall from grace. It figures that they were held in great numbers of Mutual Funds, Derivitives, Hedges Funds, etc, etc. and had to be sold to meet other obligational losses. When you are going down and heavily leveraged at the same time you MUST start selling off the good stuff because generally people wait too long to dump losers.....triggers or no triggers.
    When stocks like Monsanto can fall and other blue chips when they are perfectly healthy companies by ANY standards, the btm. line is PANIC, PANIC, PANIC being the main reason for everything going down.     Reply
  • commenter
    SmartStops
    Oct 08 02:32 PM
    My Website
    The Burst Commodities Bubble [view article]
    This emphasizes the importance of ALWAYS having an exit strategy in place for your positions at all times. Use one that's intelligent and will constantly adjust to the stock's behavior and overall market conditions. So that you can keep losses to a minimum yet ride the profits as the trend forms. Reply
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