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Mr. Drury, a former grain trader, is not giving away his secrets.
Alumni include Ning Gaoning, chairman of Cofco, which is based in Beijing and is China's largest grain trader.
HONG KONG – The Australian grain trader GrainCorp rejected a takeover bid on Thursday from the Archer Daniels Midland Company that valued GrainCorp at 2.7 billion Australian dollars.
"The reality of the world is electronic exchanges are going to be created," said Jay Homan, a grain trader for more than 25 years.
NEW YORK TIMES MEDIA DECODER GrainCorp Rebuffs $2.8 billion Bid by Archer Daniels | The Australian grain trader GrainCorp said the offer of 11.75 Australian dollars a share from the Archer Daniels Midland Company "materially undervalues" GrainCorp and its prospects.
BLOOMBERG NEWS Glencore's Potential Bid for Viterra May Face Challenges | With speculation that Glencore International may bid up to $5 billion for the Canadian grain trader Viterra, analysts question whether now is the right time for a potential takeover.
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Domestic producers like Black Earth will be able to match the prices charged by international grain traders.
But on September 12th farmers, grain traders and investment managers around the world will be awaiting news that is generating greater excitement the higher grain prices rise.
By 2010, according to Cargill, a big firm of grain traders, they were importing over 150m tonnes, the largest amount in the world.
At the Davos gathering of the self-proclaimed great and good a few days later, a score of firms, including seed companies, food processors and grain traders proclaimed: "The world needs a new vision for agriculture".
In a report on Friday that quoted international grain traders, Reuters said Syria was struggling to meet its import needs, which raised the prospect of bread shortages that could sap public support for the regime.
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