bunge Archives - Page 9 of 12

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)

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

Crops, Reuters

Bunge shares jump on report of Glencore standstill agreement

By Reuters, GFM Network News October 13, 2017

Reuters — Shares of U.S. commodities trader Bunge surged on Friday after the Wall Street Journal reported that Glencore had a standstill agreement that temporarily prevents the Swiss company from making a hostile bid for Bunge. Bunge had rebuffed a takeover approach by Glencore in May. Speculation has swirled for months that Glencore would make […] Read more

Crops, Markets, Reuters

Bunge leaves door open to selling itself

By GFM Network News September 27, 2017

Reuters — Bunge Ltd. kept the door open on Wednesday to a sale of the company as it reported a 34 per cent 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 planned cost cuts should […] Read more

Reuters

Bunge leaves door open to selling itself, cuts 2017 forecast

By GFM Network News August 2, 2017

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 planned cost cuts should also […] Read more

Crops, Reuters

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

By GFM Network News May 26, 2017

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 made an informal approach to […] Read more

Crops, Reuters

Glencore looking to expand agriculture business, CEO says

By GFM Network News May 24, 2017

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 after U.S. grains trader Bunge […] Read more

Crops, Reuters

Glencore approaches Bunge on possible takeover

By Reuters, GFM Network News May 23, 2017

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 to Bunge. Glencore, whose Canadian […] Read more

GFM Network News

U.S. grains: Chicago soybeans jump to two-month high on Trump comments

U.S. livestock: Cattle futures continue rally on bullish fundamentals

Court finds Sunterra liable to U.S. lender

Tag Archives 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

Bunge shares jump on report of Glencore standstill agreement

Bunge leaves door open to selling itself

Bunge leaves door open to selling itself, cuts 2017 forecast

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

Glencore looking to expand agriculture business, CEO says

Glencore approaches Bunge on possible takeover

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