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From seekingalpha.com,
8:08 AM Del Monte (FDP): Q3 EPS of $0.61 beats by $0.24. Revenue of $766M vs. $819M. (PR) Comment!
8:04 AM Corn Products International (CPO): Q3 EPS of $0.70 beats by $0.07. Revenue of $971M (-10.5%) vs. $983M. (PR) Comment!
More money for fertilizer. Question is whether or not the (perceived premium) organic segment remains in vogue with the increased savings rate and lower income caused by record unemployment.
This question would be at least partially offset by a comparison of competitor verses CO pricing to farmers at the wholesale level. But again, we need to first discuss production levels where what precious little production they can muster for the moment targets the premium retail space.
Ski
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