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: Did Bears Win Thanksgiving, Will Bulls Get Christmas?

Did the bears win Thanksgiving (although this week had green on the screen), and will the bulls get Christmas? Bears won thanksgiving thanks to a USDA Nov crop report dud that stalled the bullish grain momentum for a brief period. But a bullish lower yield surprise in the Dec crop report could reignite the rally.
2026 U.S. winter wheat planting is nearly complete at 97% while crop conditions improved by 3 points to 48% good-to-excellent. US corn & soybean harvest is complete.
High corn demand, which is off the chart, and more Chinese soybean demand could support a Christmas rally.
Nasdaq had it’s worst November since 2011.
A U.S. Fed rate cut in December will help fund flow and sentiment.
Bitcoin held a long-term support at 80,000 and that's positive for fund flow and sentiment. It should help stock prices and Ag as we go into December.
Fertilizer prices continue to climb as we look ahead to 2026. Farmers may rely more on the nutrients that they already have in their soils.
South American Weather remains critical as the soybean reproductive stage starts from late Nov to late Feb depending on planting date.
Will a Russia-Ukraine peace deal happen by year-end?
CFTC data as of showed more managed money fund sell-off as of October 14th.