Hold onto Your Twinkies! Hostess Can’t Go out of Business Yet

Nov 20, 2012

Bankruptcy Judge Tells Hostess to Mediate with the Union

Hostess Brands Inc. was ordered by a bankruptcy judge to go through the mediation process with one of its biggest unions. The judge noted that the parties hadn’t gone through the private mediation process and needed to do so in order to move forward.

Hostess, the maker of Twinkies and Wonder Bread is in mediation talks today to try and save 18,500 jobs. If the two sides don’t come to an agreement, Hostess will likely sell its brands, resulting in thousands of workers being without jobs. The liquidation hearing is scheduled to resume on Wednesday if an agreement isn’t reached.

The company’s announcement on Friday prompted many consumers to stock up on their favourite Hostess brands, with many stores reporting they sold out of Twinkies.

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!

Hostess Union Mediation Process Fails, Bankruptcy Process Continues

Canadian Government Announces Investment for Next Generation of Farmers