Bring the harvest lawsuits home

Article Abstract:

Some US farmers and grain elevators are estimated to have suffered losses amounting to between $500 million and $1 billion from hedge-to-arrive contracts. Under these contracts, the producer enters into a cash contract with the elevator to sell grain for future delivery. The price stated in the contract is hedged by the elevator by selling futures contracts. Losses have arisen from the fact that grain prices doubled in 1996. More than 100 lawsuits have been filed so far, and more are anticipated.

Grains, Oilseed and Grain Farming, Cash Grains, Contracts, Grain industry

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BRAISEWORTHY

Article Abstract:

The act of braising food is a time honored tradition that brings out robust odors and flavors from food. Braising involves using moist heat in the cooking process, and can make unsavory meats and vegetables flavorful and edible.

Recipes and menus, Braising (Cookery), Braising (Cooking)

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Batting To and Fro

Article Abstract:

BAT Industries and Allianz Versicherung are battling for control of Eagle Star, Britain's big composite insurer. The shareholders will gain no matter who wins. The loser may bid for an Eagle Star rival.

United Kingdom, Insurance industry

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