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Large Ag Companies See Fortunes Change

Bunge’s new management takes conservative approach during trade war

Soybeans

The fortunes of two of the world’s largest agricultural commodity traders seem to have turned, reports Bloomberg.

This time last year, Archer-Daniels-Midland Co. beat profit estimates while Bunge Ltd. posted a loss after being wrong footed on soybeans amid President Donald Trump’s trade war with China.

Fast-forward to 2019: ADM’s bet that the tit-for-tat spat would end by mid-year flopped, while Bunge’s more conservative approach put the firm in a better position than its rival.

Read the full report here.

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