Cargill Inc. is emerging as one of the biggest winners of the boom in global agricultural markets as it barrels toward its most profitable year ever in its 156-year run.
According to a report at Yahoo News, the company made almost $4.3 billion in net income during the first nine months of its fiscal year, according to data released by the trading house to tap the bond market. That figure already surpasses its best ever total annual profit.
Many in the market suspected that Cargill was performing well in the commodity boom, but this is the first time that actual data has become available. Cargill broke with a more than two-decade tradition in 2020 and stopped releasing its results publicly.
