Commodity Pool Operator - CPO

Type: Public
On the web: http://www.cornproducts.com
Employees: 7,800
Employee growth: 9.9%

Sweet sodas and diet dishes alike get their taste from Corn Products International. The company makes food ingredients and industrial products from corn and other starch-based raw materials. Its customers include food, beverage, pharmaceutical, and paper manufacturers. More than half of its sales come from sweeteners, including high-fructose corn syrup used to sweeten soft drinks. The company also produces corn starch (a thickener for processed foods), corn oil, and corn gluten (for animal feed). Corn Products International operates manufacturing plants throughout Africa, Asia, and North and South America. It agreed to be acquired by Bunge in 2008 but pulled back later that year.

Key numbers for fiscal year ending December, 2008:
Sales: $3,944.0M
One year growth: 16.3%
Net income: $267.0M
Income growth: 34.8%

Officers:
Chairman, President, and CEO: Ilene S. Gordon
VP and CFO: Cheryl K. Beebe
SVP Planning, Information Technology, and Compliance: James W. (Jim) Ripley

Competitors:
ADM
Cargill
Tate & Lyle Ingredients

Persons or limited partnerships responsible for investing a commodity pool's assets in commodity-futures and options positions.

Investopedia Says:
CPOs typically hire Commodity Trading Advisors (CTA) to make investment decisions for the pool.

Related Links:
For those who are new to futures but want a solid understanding of them, this tutorial explains what futures contracts are, how they work and why investors use them. Futures Fundamentals

abbr. Chief Petty Officer.

See the Introduction, Abbreviations and Pronunciation for further details.