bunge Archives - Page 8 of 12

G3’s lake terminal at Hamilton, Ont. (G3.ca)

G3 has a new CEO

By Allan Dawson, GFM Network News April 4, 2018

There’s been a change at the top of Canada’s newest major grain company. G3 Canada’s CEO Karl Gerrand left the grain company Tuesday and has been replaced by Don Chapman, the Manitoba Co-operator has learned. G3 in 2015 purchased 50.1 per cent of the Canadian Wheat Board from the federal government and brought in Gerrand, […] Read more

Crops, Reuters

Continental Grain to push Bunge to consider potential sale

By GFM Network News March 5, 2018

Chicago | Reuters — U.S. agricultural investor Continental Grain plans to push Bunge to consider a potential sale, a person familiar with the matter said on Monday, after Archer Daniels Midland approached Bunge about a takeover. It was unclear how Continental Grain would pressure Bunge, one of the world’s top agricultural merchants. But the company, […] Read more

Crops, Markets, Reuters

Bunge board backs management after earnings miss, CEO says

By GFM Network News February 14, 2018

Chicago | Reuters — Agricultural merchant Bunge reported a worse-than-expected loss for the fourth quarter on Wednesday, the latest in a string of poor results that has left the company’s management fending off takeover bids from rivals. Several years of abundant grains supply on global markets have made it tough for Bunge and its rivals […] Read more

(ADM photo by Dave Bedard, Bunge photo via Bunge)

Crops, Markets, Reuters

ADM in talks to buy Bunge as early as this week

By Reuters, GFM Network News February 5, 2018

Reuters — Top U.S. grains merchant Archer Daniels Midland could reach an agreement to buy smaller rival Bunge as early as this week, Bloomberg reported on Monday, citing unnamed sources familiar with the matter. The potential deal comes as large grain traders that make money by buying, selling, storing and shipping commodity crops have struggled […] Read more

Crops, Reuters

ADM approach to Bunge a potential U-turn on oilseed strategy

By GFM Network News January 22, 2018

Chicago | Reuters –– Archer Daniels Midland’s proposed takeover of Bunge could signal a change in the company’s strategy on oilseeds, giving the top U.S. grain merchant a much bigger capacity to crush soy just months after ADM’s CEO said the firm would cut spending on the sector. The potential strategic change comes as the […] Read more

Crops, Reuters

ADM reported making takeover approach to Bunge

By Rod Nickel, GFM Network News January 19, 2018

Reuters — Top U.S. grains merchant Archer Daniels Midland has proposed a takeover of Bunge Ltd., the Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with London-based rival Glencore. Large grain traders which make money by buying, selling, storing, shipping and trading crops have struggled in recent […] Read more

CHS Inc., the biggest farm co-operative in the U.S., is seen gaining a competitive edge against private and publicly-traded grain firms from changes to tax law affecting sales of U.S. farmers’ crops and livestock. (CHS Inc. photo)

Crops, Markets, Reuters

Major U.S. grain firms fear harm from new tax law

By Mark Weinraub, Tom Polansek, GFM Network News January 10, 2018

Chicago | Reuters — The new U.S. tax law is poised to drive more control over the nation’s grain supply to farmer-owned co-operatives, provoking concern among ethanol producers and privately run grain handlers that they could be squeezed out of the competition to buy crops. Until now, the co-operatives, private companies and publicly traded firms […] Read more

Crops, Markets, Reuters

Cargill profit falls as grain glut limits trading

By GFM Network News January 3, 2018

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 Ltd and Louis Dreyfus Corp […] Read more

Crops, Reuters

Bunge widens exec takeover payout scheme after Glencore approach

By GFM Network News November 22, 2017

Chicago | Reuters –– Grain merchant Bunge Ltd. has sweetened compensation packages for top executives in the case of a takeover, according to the company’s regulatory filings, around six months after rebuffing an approach by commodity trading giant Glencore. Bunge and its rivals have seen profits fall as several years of oversupply in global grains […] Read more

Crops, Markets, Reuters

Grain company hunt goes on for Glencore

By GFM Network News November 15, 2017

Geneva | Reuters — Commodities giant Glencore has made unsuccessful moves for three or four smaller targets in the grain sector this year as it seeks acquisitions to grow upstream, the head of its agricultural arm said. “We have looked at three or four possibilities in our core area already this year but couldn’t reach […] Read more

GFM Network News

U.S. grains: Soybeans retreat after rally, wheat holds at three-month high

Klassen: Feeder market drops sharply

Dryness, drought likely to persist says forecaster

Tag Archives bunge

G3 has a new CEO

Continental Grain to push Bunge to consider potential sale

Bunge board backs management after earnings miss, CEO says

ADM in talks to buy Bunge as early as this week

ADM approach to Bunge a potential U-turn on oilseed strategy

ADM reported making takeover approach to Bunge

Major U.S. grain firms fear harm from new tax law

Cargill profit falls as grain glut limits trading

Bunge widens exec takeover payout scheme after Glencore approach

Grain company hunt goes on for Glencore

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