Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (33582)	5/12/2003 10:47:25 AM
From: Joan Osland Graffius	Read Replies (2) \| Respond to of 74559

Raymond, The discussions on ADM closing plants in the US and opening plants in China and Brazil are contained in their annual and quarterly reports. This process has been going on for a few years. admworld.com What I was trying to communicate is the food processing industry in the US is a mature industry, it is not growing and the companies like ADM and Cargill have been closing plants over the last decade to get their output equal to demand from US production. These companies will idle a plant overnight if inventories build. I am sure we will find some food production contracting in the US. A lot of the fruits I buy at the grocery store come from overseas. Small grains and beans products have characteristics where transportation costs are relevant and this will play in the global competition picture.