Glencore Archives - Page 2 of 5

Bunge CEO Schroder to step down amid investor pressure

By Reuters, GFM Network News December 10, 2018

Reuters — Bunge CEO Soren Schroder is stepping down after five years at the helm of the global agribusiness, following months of pressure from shareholders to shake up the company amid a prolonged grain market slump. The management change is the latest event to rattle the two-century-old commodities trader after a stretch of particularly weak […] Read more

Crops, Machinery

Gardiner Dam Terminal set to go full Viterra

By GFM Network News November 17, 2018

The farmers who own half of central Saskatchewan’s Gardiner Dam Terminal have reached a deal to sell their half to their business partner and wind up the company. Glencore Agriculture’s Viterra arm announced Friday it will buy the half of GDT it doesn’t already own and take over operation of the GDT inland grain terminal […] 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

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

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

U.S. grains: Corn rebounds from contract lows on short covering, bargain buying

U.S. livestock: Cattle futures come down from highs

Entomologist tests trap crops and marigolds to repel flea beetles at an Ag in Motion

GFM Network News

U.S. grains: Corn rebounds from contract lows on short covering, bargain buying

U.S. livestock: Cattle futures come down from highs

Entomologist tests trap crops and marigolds to repel flea beetles at an Ag in Motion

Tag Archives Glencore

Bunge CEO Schroder to step down amid investor pressure

Gardiner Dam Terminal set to go full Viterra

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

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, cuts 2017 forecast

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