GNC starting to hit a few radars again post TKO rejection.Big...

GNC starting to hit a few radars again post TKO rejection.
Big volume starting to go through on price movements is a great sign.

I personally think that ADM will creep on the register to 24% at these lower levels.....

This is also interesting

State-owned Chinese food giant Cofco Corp. is buying a 51% stake in privately owned
Netherlands-based grain trader Nidera, people familiar with the situation said Friday,
the latest move by the world's most populous country to acquire overseas assets to
secure access to resources.
The companies plan to announce the transaction Friday, the people said. The total
enterprise value of Nidera is around US$4 billion, one of the people said. The value of
the deal was unclear.
Wall Street Journal reported last month Cofco placed a binding bid for a minority
stake in Nidera. But Cofco opted for a bigger stake during the discussion between the two
parties.
Cofco is China's largest stated-owned grain trader. Cofco units include China
Mengniu Dairy Co., beverage and wine producer China Foods Ltd. and China Agri-Industries
Holdings Ltd., which processes and trades commodities such as oilseeds and rice. Cofco
also has operations in areas such as real-estate development.
Cofco and other Chinese companies are eager to secure access to agricultural
resources as increasing urbanization changes domestic food tastes and drives demand,
while toxic-food scandals have sparked mounting concerns about food safety. Scandals
since 2008, when at least six children died from drinking milk tainted with the
industrial chemical melamine--nearly 300,000 others fell ill--include a recent recall by
Wal-Mart Stores Inc. of donkey meat that contained the DNA of other animals.
The grain trading industry has witnessed a wave of consolidation with several
multi-billion dollar deals struck in 2012. Glencore International PLC bought Viterra Inc.
for 6.1 billion Canadian dollars ($5.48 billion) that year, while Japanese trading house
Mitsui & Co. bought U.S. firm Gavilon Group LLC. An attempt by Archer Daniels Midland
Co. to buy Australia's GrainCorp Ltd. late last year, however, was rejected by
Australian regulators. ADM hoped to capitalize on increasing demand for grain and other
commodities from China and other emerging markets through the deal. With the collapse of
the GrainCorp deal, analysts say that there are few targets still available as
acquisitions in the industry.
Cofco couldn't be immediately reached for comment. Nidera declined to comment.
A stake in Rotterdam-based Nidera gives Cofco access to a company with exposure to
major grain-producing areas in Latin America. Nidera, founded in the 1920s, took its name
from first letters of countries where it had dealings: Netherlands, the (East) Indies,
Deutschland (Germany), England, Russia and Argentina, according to its website. It
employs around 3,800 people in 20 countries.
China's growing wealth is also prompting changing patterns in food trade: China
became a net importer of rice in 2011, with the gap between exports and imports widening
in recent years.