Cargill’s corporate growth in times of crises: how agro-commodity traders are increasing profits in the midst of volatility

This paper proposes two interrelated arguments: first, it is argued that agro-commodity traders are uniquely placed at the crossroads of agricultural trade to benefit from agricultural commodity speculation; and second, that the networks constituting their operations are central to their hedging activities. The case of Cargill—the largest privately owned company in the United States and one of the largest agricultural traders in the world—is used to support this argument by unpacking its operations, structure, and hedging strategies. In order to connect the operations of Cargill to its speculating strategies, this paper first traces how agriculture and finance have become increasingly intertwined leading to heightened agricultural commodity speculation. Second, Cargill will be positioned within this process by analyzing how it has financialized its own strategies and its Corporate Platform. Third, Black River Asset Management, Cargill’s private equity arm, will be analyzed to show how it uses the information moving through Cargill’s Platform to engage in hedging and/or speculation.     

Soil application of meat and bone meal. Short-term effects on mineralization dynamics and soil biochemical and microbiological properties

Meat and bone meal (MBM) utilization for animal production was banned in the European Union since 2000 as a consequence of the appearance of transmissive spongiform encephalopathies. Soil application could represent a lawful and effective strategy for the sustainable recycling of MBM due to its relevant content of nutritive elements and organic matter. The effectiveness of MBM as organic fertilizer needs to be thoroughly investigated since there is a lack of knowledge about the mineralization dynamics of MBM in soil and the impact of such residues, in particular the high content of lipids, on soil biochemical and microbiological properties. For this aim, a defatted (D) and the correspondent non-defatted (ND) MBM were added at two rates (200 and 400 kg N ha^?1) to two different moist soils and incubated at 15 and 20 °C for 14 d. MBM mineralization dynamics was studied by measuring CO₂ evolution. Water extractable organic C, K₂SO₄-extractable NO₃^? and NH₄⁺, microbial biomass ninhydrin-reactive N, enzymatic activities (FDA, urease, protease, alkaline phosphatase) and microbial composition (aerobic and anaerobic bacteria, fungi) were measured 2 and 14 d after MBM addition to the soil. The rate of CO₂ evolution showed a maximum 2–3 d after the addition of MBM, followed by a decrease approaching the control. MBM mineralization was fast with, on average, 54% of total CO₂ evolved in the first 4 d of incubation at 20 °C. The percentage of added C which was evolved as CO₂ at the end of the incubation period ranged between 8% and 16% and was affected by temperature, soil type and MBM treatment (ND > D). Soil amendment with MBM caused a noteworthy increase in both extractable NH₄⁺ and NO₃^? (about 50% of added N) which was higher for ND. The addition of MBM also enhanced microbial content and activity. Microbial biomass increased as a function of the rate of application and was higher for ND with respect to D. The increase in numbers of aerobic and anaerobic bacteria and fungi caused by MBM addition was, in general, more pronounced with ND. Enzymatic activity in amended soils showed an enhancement in nutrient availability and element cycling. At the rate of application of present work, lipids did not cause adverse effects on soil microorganisms.The potential of MBM as effective organic fertilizer was supported by the large increase in available N and the enhancement of the size and activity of soil microorganisms.     

Genotypic diversity and distribution of Sphaeropsis sapinea within Pinus radiata trees from northern Spain

Sphaeropsis sapinea is an important latent pathogen of Pinus spp., outbreaks of which have a considerable impact on plantations. This study considers the population diversity and distribution of S. sapinea in northern Spain at different spatial scales from single plantations to a wide area covered by Pinus radiata trees. Estimation of genotypic diversity is an important component of the analysis of the genetic structure of plant pathogen populations. Ten simple sequence repeat (SSR) markers were used, together with vegetative compatibility tests, to study the genetic diversity among S. sapinea isolates. Polymorphism analysis at SSR loci is a simple and direct approach for estimating the genetic diversity of S. sapinea isolates. From a total of 86 isolates collected from four different areas, 14 microsatellite haplotypes and 13 vegetative compatibility groups (VCGs) were identified. The percentage of maximum genotypic diversity, based on Stoddart and Taylor's index, for microsatellites of the northern Spain population ranged from 14.6% to 38.1% and from 8.0% to 29.4% for VCGs. Analysis of these markers and vegetative compatibility groups confirmed that S. sapinea reproduces mainly asexually due to its reduced genotypic diversity in spatially close populations. Isolates of S. sapinea from northern Spain populations were predominantly monomorphic at the tested SSR loci. Vegetative compatibility groups also indicate a low level of genetic variability in these samples, which appear to be clonal.     

Biosorption Capacity for Cadmium of Brown Seaweed Sargassum sinicola and Sargassum lapazeanum in the Gulf of California

Brown algae Sargassum sinicola and Sargassum lapazeanum were tested as cadmium biosorbents in coastal environments close to natural and enriched areas of phosphorite ore. Differences in the concentration of cadmium in these brown algae were found, reflecting the bioavailability of the metal ion in seawater at several sites. In the laboratory, maximum biosorption capacity (q _max) of cadmium by these nonliving algae was determined according to the Langmuir adsorption isotherm as 62.42?±?0.44 mg g^?1 with the affinity constant (b) of 0.09 and 71.20?±?0.80 with b of 0.03 for S. sinicola and S. lapazeanum, respectively. Alginate yield was 19.16?±?1.52% and 12.7?±?1.31%, respectively. Although S. sinicola had far lower biosorption capacity than S. lapazeanum, the affinity for cadmium for S. sinicola makes this alga more suitable as a biosorbent because of its high q _max and large biomass on the eastern coast of the Baja California Peninsula. Sargassum biomass was estimated at 180,000 t, with S. sinicola contributing to over 70%.     

Scientific critique of the paper “Climatic distribution of citrus black spot caused by <Emphasis Type="Italic">Phyllosticta citricarpa</Emphasis>. A historical analysis of disease spread in South Africa” by Martínez-Minaya et al. (2015)

The global distribution of citrus black spot (CBS) disease, caused by Phyllosticta citricarpa, is climatically constrained, which is evident from its occurrence in citrus growing areas with warm, summer rainfall and its absence from areas with cooler, Mediterranean-type winter rainfall. Various epidemiological and modelling studies have supported this observation, predominantly estimating unsuitability for P. citricarpa in Mediterranean type climates, with no more than marginal suitability estimated at a few localities within some regions with Mediterranean type climates. The study by Martínez-Minaya et al. (European Journal of Plant Pathology, 143, 69–83, 2015), describes an historic sequence of recorded CBS occurrence in parts of South Africa, conducts an autocorrelation analysis and a correlative analysis with Köppen-Geiger climate zones and makes observations about the occurrence of certain Köppen-Geiger climate zones in the European Union. The study suggests that significant portions of the European Union and the broader Mediterranean basin are climatically similar to warm, summer rainfall areas in South Africa where P. citricarpa persists and causes CBS disease and concludes that the potential distribution of P. citricarpa is less constrained by climatic factors than spatial contagion. However, in this critique we expose methodological shortcomings in the Martínez-Minaya et al. (European Journal of Plant Pathology, 143, 69–83, 2015) study and conclude that the study grossly overestimated the extent of the geographical area that could support P. citricarpa, thereby rendering the findings scientifically unreliable.     

Localization of Ascaridia galli larvae in the jejunum of chickens 3 days post infection

The normal habitat of the parasitic stages of Ascaridia galli is in the small intestine of poultry but the exact localization is poorly understood. Therefore, a histological study was conducted in order to localize the larvae during the early phase of infection. Six layer pullets seven-week old were infected orally with 20,000 embryonated A. galli eggs each, whereas four chickens were left as un-infected controls. At necropsy 3 days after infection the first half of jejunum/ileum was divided into two equally sized sections (J1 and J2). After taking samples for histology from the middle of J1 and J2 and the junction between these determined JX, the two sections were subjected to parasitological examination. A higher number of A. galli larvae were recovered from section J2 than J1 and the majority of larvae were recovered from the most profound layers. Based on histology 144 larvae were identified and their location was noted. The highest number of larvae was observed in the JX sample as compared to J1 and J2 (P<0.001). Most of them were located in the profound crypt zone of the mucosa (51%) as compared to the other zones (P<0.05). The number of larvae was higher in the lumen (63%) compared to the epithelium (32%) and lamina propria (5%) (P<0.001). A significantly higher number of eosinophils were found in lamina propria of the infected group compared to the control group (P<0.001). This experiment clearly showed that only few larvae had penetrated the epithelium and were positioned in the lamina propria at 3 days post infection. It was far more common that the larvae were localized within the epithelium or in the lumen of the crypts. It is therefore suggested that at least in this early phase "mucosal phase" is a more appropriate term to be used for the A. galli larval localization as compared to the term "histotrophic phase" currently used in many textbooks.     

Optimization of seasonality and mother plant nutrition for vegetative propagation of Pinus pinaster Ait

Due to the high economic importance of Pinus pinaster Ait., there is considerable interest in developing, improving and extending the use of its families for mass clonal propagation and in breeding programmes. In the current study, we evaluated shoot growth, rooting ability and mini-cuttings production of P. pinaster in response to nitrogen fertilization and seasons. We compared eight half-sib families of P. pinaster from Asturias and Galicia (Northern Iberian Peninsula), searching for useful parameters and growing conditions to be included in a mass propagation program for clonal family forestry. We fertilized P. pinaster seedling mother plants kept in a greenhouse with three levels of nitrogen: high (HN), medium (MN) and low (LN) to evaluate rooting ability of mini-cuttings. In addition, we evaluated the maximal potential production of rooted mini-cuttings considering nine cycles of propagation over 1?year, also using three levels of nitrogen. The HN treatment significantly influenced the rooting process, with length, area and volume of roots all being positively affected. Spring was the most favourable season for mini-cuttings in the HN treatment. This study provides valuable new information to optimize the clonal propagation protocol for P. pinaster and shows that the mini-cuttings technique has great potential in mass scale cloning, providing high quality sprout production and well-formed new plants.     

Analgesic, anti-inflammatory, and CNS depressant activities of new constituents of Nepeta clarkei

Two new pentacyclic triterpenes named kirmanoic acid (1) and kurramanoic acid (2) have been isolated from the chloroform-soluble portion of the whole plant of Nepeta clarkei Hook. The structures of the two new compounds were assigned on the basis of their 1H and 13C NMR spectra including two-dimensional NMR techniques such as COSY, HMQC, and HMBC experiments. Kirmanoic acid (1) was investigated for analgesic, anti-inflammatory, and CNS depressant activities. Interestingly kirmanoic acid (1) showed strong analgesic activity than standard drug in acetic induced writhing and formalin tests. Similarly kirmanoic acid (1) also showed strong anti-inflammatory activity than its standard drug. The gross behavioral study of kirmanoic acid (1) revealed that it exhibited mild CNS stimulant and muscle relaxant in the mice. Compound 1 showed a slight increase in Locomotor activity and possesses the antidepressant effect.     

Severe idiopathic hypocalcemia in a juvenile western lowland gorilla, Gorilla gorilla gorilla

A 6-mo-old, male western lowland gorilla (Gorilla gorilla gorilla) was evaluated because of tetany of both hands. The gorilla had alternating periods of constipation, diarrhea, and bloating since birth. A diagnosis of idiopathic hypocalcemia was based on severe hypocalcemia, a normal vitamin D level, response to oral calcium and vitamin D therapy, and eventual resolution. Idiopathic hypocalcemia, an uncommon disease in neonatal humans, should be considered in young gorillas with persistent gastrointestinal problems or acute tetany.