Thanks for the note.   We are still looking at the value chain, but think we 
may have an idea.  I think Mike and I learned a lot from you guys when we 
were in London.  Nobody thinks our speculating in the grain markets does much 
for us, and is probably the wrong way to run that group.  Interestingly, the 
cargill CEO hasn't met with us yet.  We have been trading softs, but very 
small.  Next time Gary Hickerson is in London, which should be soon, I'll 
have him give you guys the story, and ask for more of your input.  

Regards

Jeff


   
	Enron Capital & Trade Resources Corp. - Europe
	
	From:  Meindert Witteveen                           10/17/2000 10:20 AM
	

To: Jeffrey A Shankman/HOU/ECT@ECT
cc:  
Subject: cargill and the grainbizz...

goodday Jeff,

wonder if you have update of Enron's initiatives into grain-trade...
what did CEO of Cargill wanted in that meeting few weeks ago ?

recently got some calls from former Cargill colleagues, it rumors fly around 
in that company that we are about to start trading softs tomorrow...they are 
also interested in stealing some EnronOnline ideas

best regards
Meindert Witteveen
continental power trading (Joe Gold)
to refresh: attended short meeting with you in London 6 weeks ago