| Michel Fribourg, Continental Grain leader and trade pioneer.
 Michel Fribourg, a dominant figure in the international grain business during his long tenure as chairman and chief executive officer of Continenta1 Grain Co., died April 10 in New York. He was 87 years old.
During five decades at the helm of Continental Grain. Fribourg expanded his family's business into more than 70 countries and transformed Continental in to one of the largest agribusiness firms in the world.
A pioneer in international trade, Fribourg personally negotiated ground- breaking grain sales in the Soviet Union in the 196Os and 70s. In subsequent years, he expanded trade with China and established some of the first joint-venture businesses in that country. He was a strong advocate of open world trade and freedom from government involvement in agricu1tural markets.
Born in Antwerp. Belgium, in 1913, Fribourg was the fifth generation of his family to manage the family business, which was founded in Belgium in 1813.
Fribourg joined Continental Grain in 1931 and worked in various offices until the start of World War II, when he and his family moved to the United States. During the war, Fribourg served in U.S. Army intelligence in France and became an U.S. citizen. At the end of the war, he returned to New York to direct Continental Grain. He was C.E.O. from 1944 to 1988 and chairman until 1994.
In the 196Os, Fribourg began to expand Continental ' s operations by acquiring a majority interest in Allied Mills, one of the largest commercial feed producers in the U.S. Through that acquisition, Continental became a major producer of poultry and pork and one of the world' s largest cattle feeders.
The family-owned concern, now known as ContiGroup Companies, divested its grain merchandising operations in 1999, largely through the sale of those assets to Cargill, Inc.
Fribourg is survived by his wife, Mary Ann, of New York; three sons, Paul and Robert, of New York, and Charles, of Geneva, Switzerland; two daughters, Nadine Newman and Caroline Rosen, both of New York; two sisters, Renee Haas and Marcelle Zunz, both of Paris; and 13 grandchildren.
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Paul Della Tolla (snr) Born in Istanbul, Turkey, in 1909, of Greek Italian descent (Island of Tinos) Moved to Athens, Greece in the mid 30's, where he started a cotton merchandising and ginning business until the start of World War II. During the 1940-45 War, enlisted in the Greek Army and later on in the Greek Resistance movement and was awarded the Franco-British Cross. At the end of the war and the civil war that followed in Greece, he started again his cotton merchandising and ginning business and expanded into the grain business inaugurating thus his collaboration with Continental Grain in 1957. It is this business that gave birth in 1981 to Conti SA -Athens that later was merged with Dimitriaki SA. in its present form. Paul Della Tolla (snr) is survived by his son Paul and 2 grand children.
Wheat futures surged today, finishing 26 to 37 cents higher in Chicago, 29 to 33 cents
higher in Kansas City and mostly 19 to 24 cents higher in Minneapolis....
Soybean futures got off to a firmer start, but late, heavy selling sent the market
plummeting 16 to 33 cents on the close. Today?s losses brought the market to a steady to lower
close for the week....
Corn futures ended firmer today to post sharp gains for the week. July corn ended 54 1/2 cents
higher than last week's close, with December corn up 31 3/4 cents. Key for corn futures to build on
this week's gains is how outside markets and the cash market performs....
July Soybeans finished down 33 at 1405, 33 3/4 off the high and equal to the low. November Soybeans
closed down 18 1/2 at 1288. This was equal to the low and 29 1/2 off the high. July Soymeal closed
down 10.1 at 417.9. This was 0.9 up from the low and 12.9 off the high....
July Wheat finished up 37 1/2 at 695 1/4, 2 1/4 off the high and 42 3/4 up from the low. December
Wheat closed up 31 1/4 at 720. This was 36 1/2 up from the low and 5 1/4 off the high. July wheat
capped off a strong up week with a surge higher on the day....
July Corn finished up 10 1/2 at 635 1/2, 3 off the high and 16 up from the low. December Corn
closed up 8 3/4 at 537. This was 15 up from the low and 5 1/2 off the high....
Malaysian palm oil futures ended almost flat after hitting a near 5-month low, as lingering worries
over Greece's potential exit from the euro zone dampened investors' risk appetite....
Effective this Sunday, May 20 (trade date Monday, May 21), the electronic trading hours on CME
Globex for all CBOT Commodity, KCBT, and MGEX Grain and Oilseed futures and options will be
expanded to the following:Sunday to Friday: 17:00 CT to 14:00 Central Time (CT)Additional details
on the impacted products are available
online. If you have any questions, please contact the CME Global Command Center at 312-456-2391, in
Europe at 44-20-7623-4708 or in Asia at 65-6223-1357.
Effective this Sunday, May 20 (trade date Monday, May 21), the electronic trading hours on CME
Globex for all CBOT Commodity, KCBT, and MGEX Grain and Oilseed futures and options will be
expanded to the following:Sunday to Friday: 17:00 CT to 14:00 Central Time (CT)Additional details
on the impacted products are available
