Insights and Stories on Bunge

Cargill profit falls as grain glut limits trading

Jan. 3, 2018 at 3:30 pm CST

Chicago | Reuters – Cargill Inc reported a 6 percent drop in quarterly profits on Wednesday as a global glut of grains limited trading opportunities for the food-commodities merchant. Four years of bumper grain and oilseeds harvests have squeezed profits for Cargill and main rivals Archer Daniels Midland Co, Bunge […]

Bunge widens exec takeover payout scheme after Glencore approach

Nov. 22, 2017 at 7:28 pm CST

By Tom Polansek

Grain company hunt goes on for Glencore

Nov. 15, 2017 at 7:07 pm CST

By Gus Trompiz

Bunge shares jump on report of Glencore standstill agreement

Oct. 13, 2017 at 4:01 pm CDT

By Reuters

Bunge leaves door open to selling itself

Sep. 27, 2017 at 3:48 pm CDT

By Karl Plume

Bunge leaves door open to selling itself, cuts 2017 forecast

Aug. 2, 2017 at 2:51 pm CDT

Chicago/Reuters – Bunge Ltd kept the door open on Wednesday to a sale of the company as it reported a 34 percent drop in quarterly earnings and cut its full-year outlook, but its chief executive officer predicted a grains market rebound that would reverse the slide. CEO Soren Schroder said […]

By Karl Plume

Glencore seen paying up to US$6 billion in possible Bunge deal

May. 26, 2017 at 3:05 pm CDT

London | Reuters –– Miner and trader Glencore may pay up to US$6 billion in cash in a possible tie-up with U.S. grains trader Bunge based on current valuations, Moody’s ratings agency said on Friday, but said it did not expect an outright acquisition. Glencore said this week it had […]

By barbara-lewis

Glencore looking to expand agriculture business, CEO says

May. 24, 2017 at 12:40 pm CDT

Cham, Switzerland | Reuters –– Miner and trader Glencore is looking to expand its agriculture business via its partnership with two Canadian funds, the company’s CEO said on Wednesday, but has no plans to move into any commodities it does not already trade. CEO Ivan Glasenberg was speaking a day […]

By barbara-lewis

Glencore approaches Bunge on possible takeover

May. 23, 2017 at 3:20 pm CDT

Reuters — Glencore Plc said on Tuesday its agricultural unit has made an informal approach to commodities trader Bunge Ltd. about a “possible consensual business combination,” the company said in a statement. The commodities trading firm did not say more about a potential offer that its Glencore Agriculture unit made […]

By Reuters

ADM sees weaker ag services outlook on trading woes

May. 3, 2017 at 10:57 am CDT

Chicago | Reuters — U.S. agricultural trader Archer Daniels Midland (ADM) on Tuesday cautioned that massive global grain stocks are making it difficult to turn a profit trading grain internationally, sending its shares plummeting despite reporting a higher first-quarter profit. The warning highlighted a string of trading woes at ADM, […]

By Karl Plume