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ADM, Bunge Expect Rising Demand for Soybeans

Outbreak of African swine fever in China will eventually be good for companies' bottom lines

Soybeans 2922257 960 7201

According to a report at The Western Producer, two of the world’s largest grain companies say the outbreak of African swine fever in China will eventually be good for their bottom lines, but they differ on when that will happen.

Juan Ricardo Luciano, president of Archer Daniels Midland, told investment analysts during a conference call on the company’s first quarter results for the year that the disease will reduce China’s 700 million head of annual hog production by 20% to 30%.

Greg Heckman, CEO of Bunge Limited, said Bunge is “taking a measured approach” when forecasting the timing of that demand because it is based on the hog life cycle.

Read the full report here.

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