Grain-trading firms are making more money again after struggling for years against a global oversupply of crops says a report at the Wall Street Journal.
Poor weather in South America, changing trade policies and cost cuts are improving profitability for the world's largest crop traders and processors.
Archer Daniels Midland Co. and Bunge Ltd. reported better-than-expected earnings this week, building on analyst projections that tighter commodity supplies could drive crop trading and processing profits higher this year.
Privately owned Cargill Inc. last month said those forces are lifting its business too.
Read the full article here.
