Ag Update//EnronCredit + Cargill

fyi, what is the purpose of this email.....
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 11/07/2000
02:55 PM ---------------------------

Darren Maloney@ENRON
10/31/2000 09:04 AM
To: Gary Hickerson/HOU/ECT@ECT, Elsa Piekielniak/Corp/Enron@Enron, Mike
McConnell/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT
cc: Ted Noble/HOU/ECT@ECT, Greg Whalley/HOU/ECT@ECT, Trena
McFarland/NA/Enron@Enron
Subject: Ag Update//EnronCredit + Cargill

FYI

Today EnronCredit completed a deal for Cargill. Cargill sold to us a 1yr
Bankruptcy Swap on Farmland credit .
Two months ago, European Freight traders completed financial freight trades
with grain cargos originating in
the states for EU and Japanese destinations (Cargill, Dreyfus). Over the
past two months, MG Structured Finance
(NY) has been working on an export finance deal with ConAgra for grains of
South American origin (US destination
presumably). Continuing client discussions continue to surface more than a
passing interest for weather products
in the softs (and other agricultural markets from previous discussions).