Daily Stock Setups

DJ Vale, Bunge Develop Project To Transport Ethanol In Brazil

Posted on: Thu, 29 Oct 2009 10:20:00 EDT

Symbols: VALE

Are you looking to increase your ETF knowledge?

SAO PAULO, Oct 29, 2009 (Dow Jones Commodities News via Comtex) --
VALE | Quote | Chart | News | PowerRating -- Brazilian mining company Vale SA (VALE, VALE5.BR) and trading company Bunge are developing a partnership to transport ethanol to a port in Brazil's northern state of Maranhao, a Vale press officer confirmed Thursday.

The press officer confirmed a local newspaper report by Brasil Economico that Bunge intends to tap Vale's rail system to transport 100 million liters of ethanol to Itaqui port in 2010.

The newspaper also reported that Vale and Bunge aim to transport 300 million liters of ethanol by 2012.

Itaqui port is seen as an alternative to ports such as Santos and Paranagua, the newspaper said.

The press officer added that Vale still hasn't issued an official statement.

Brazil is the world's No. 1 exporter of sugarcane-based ethanol.

By Tony Danby, Dow Jones Newswires; 55-11-2847-4523; Anthony.Danby@dowjones.com

(END) Dow Jones Newswires

10-29-09 1020ET

For full details on Companhia Vale Do Rio Doce ADS (VALE) VALE. Companhia Vale Do Rio Doce ADS (VALE) has Short Term PowerRatings at TradingMarkets. Details on Companhia Vale Do Rio Doce ADS (VALE) Short Term PowerRatings is available at This Link.

More News: Market Updates | Stock Alerts | All Trading News

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.