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Bloomberg News had reported on May 25 that Bunge and Viterra were in talks to combine, without providing details on the deal's terms and timing. Acquiring Viterra would bring Bunge revenue's revenues -- $67.2 billion in 2022 -- in line with Archer-Daniels-Midland, which registered sales of nearly $102 billion last year. In early 2017, Viterra, then known as Glencore Agriculture, attempted a takeover of Bunge, which was then valued at $11 billion. In May 2017, Bunge rebuffed Glencore after the latter made an informal approach to discuss "a possible consensual business combination." Viterra expanded its business of buying and selling grain in the United States through its $1.1 billion acquisition of Gavilon last year.

Persons: Bunge, Greg Heckman, Privately, Viterra, Archer, Louis Dreyfus Co, Glencore, Abigail Summerville, Anirban Sen, Jonathan Oatis Organizations: YORK, Bunge Ltd, Glencore Plc, Canada, Plan Investment Board, Columbia Investment Management Corp, Bloomberg News, Daniels, Midland Co, Cargill Inc, Bunge, Midland, Agriculture, Thomson Locations: Ukraine, Glencore, Brazil, Viterra, United States, Gavilon, New

☆ Russia's National Bank Trust sues commodity traders for over $1 billion
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +2 min

May 5 (Reuters) - Russian bank National Bank Trust said it had filed a lawsuit in the British Virgin Islands against a number of major commodity traders and was seeking over $1 billion in relation to what it said was fraud. The case is linked to the central bank's 2017 bailout of two private banks - Rost Bank and B&N Bank (Binbank). National Bank Trust is the legal successor to Rost Bank, which it says was defrauded by employees working for the commodity traders. A Bank Trust spokesperson said its international legal teams had carried out a large-scale investigation and it had extensive evidence to support its case. The central bank aims to liquidate Bank Trust in 2027.

☆ Final Trades: Shake Shack, Bunge & more
▼ + stars: | 2023-05-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Shake Shack, Bunge & moreThe "Halftime Report" traders give their top picks to watch for the second half.

Bunge reaffirmed its full-year 2023 outlook of adjusted earnings of $11 per share, citing likely weaker results from its Agribusiness and Milling divisions but improved profits in its Refined and Specialty Oils unit. Bunge and other supply chain middlemen, including Archer-Daniels-Midland Co (ADM.N) and Cargill Inc (CARG.UL), have generally benefited from strong global crop demand and tightening supplies, with record profits last year. The worst drought in decades has slashed grain and soy harvests in Argentina, depriving Bunge of the crops it needs to process. First-quarter adjusted profit in Bunge's Agribusiness unit, its largest in terms of revenue and volumes, dropped 18% on the year. Bunge said results were strong in all regions in its Refined and Specialty Oils division, with notable strength in North America and South America, reflecting favorable food and fuel demand trends.

☆ Lightning Round: Too many EV competitors is bad news for NIO
▼ + stars: | 2023-05-01 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Too many EV competitors is bad news for NIO"Mad Money" host Jim Cramer weighs in on stocks, including NIO, BHP Group, Edwards Lifesciences, Palantir, M&T Bank, Zim, and Bunge.

☆ A solid start to earnings season will be put to the test in the week ahead
▼ + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.

☆ Final Trades: Yum China, Bunge & more
▼ + stars: | 2023-04-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Yum China, Bunge & moreThe "Halftime Report" traders give their top picks to watch for the second half.

☆ Final Trades: Bunge, Hershey, Gilead & more
▼ + stars: | 2023-03-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Bunge, Hershey, Gilead & moreThe "Halftime Report" traders give their top picks to watch for the second half.

☆ Here’s how we navigated three sessions of SVB-sparked chaos and Tuesday’s bounce
▼ + stars: | 2023-03-14 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

The S & P 500 climbed roughly 1% in afternoon Tuesday trading, clawing back only some of its 3.4% decline between Thursday and Monday's close. We spent Monday morning looking for things to buy in what our trusted S & P Oscillator signaled was an oversold market. In the three sessions Thursday through Monday, both stocks underperformed the S & P 500 as they fell 5.4% and 4.4%, respectively. Palo Alto didn't get either nod, but we think it's only a matter of time before its added to the index. While S & P 500 constituency wasn't in the cards this time, we will continue to add to our position into weakness.

☆ Swedish c.bank's Bunge says hike of 25 or 50 points in April still the main scenario
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: 1 min

STOCKHOLM, March 9 (Reuters) - Swedish inflation is too high but an interest rate hike of either 25 or 50 basis points in April is still the main scenario, Deputy Riksbank Governor Aino Bunge said on Thursday. "Right now that is what I envision, but we will see when we approach that meeting," Bunge told reporters. Reporting by Johan Ahlander, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.

☆ Final Trades: Ardagh, Bunge & Pepsi
▼ + stars: | 2023-02-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Ardagh, Bunge & PepsiThe "Halftime Report" traders give their top picks to watch for the second half.

☆ High Food Prices, Chinese Demand Boost Prospects of U.S. Agriculture Companies
▼ + stars: | 2023-02-11 | by ( Patrick Thomas | ) www.wsj.com time to read: 1 min

Farmers are forecast to increase planting this year to make the most of high grain prices and offset their higher costs. The U.S. agriculture industry is projecting another strong year, with elevated crop prices and China’s rebound from Covid-19 expected to boost farmers, chemical suppliers and grain traders. Grain-trading middlemen, including Archer Daniels Midland Co. and Bunge Ltd., said demand for crops, vegetable oils and livestock feed will remain strong in 2023. China is also expected to increase its crop imports as Covid-19 restrictions in the country ease, executives said. Seed and pesticide sellers said those forces should support crop prices and keep farmers flush with cash, enabling them to shell out for higher-priced supplies.

☆ Here are Thursday's biggest analyst calls: Exxon, Disney, Tesla, Apple, Affirm, Ulta, Alphabet & more
▼ + stars: | 2023-02-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Baird downgrades Bunge to neutral from outperform Baird downgraded the agribusiness and food company's after its disappointing earnings report on Wednesday. JPMorgan reiterates Uber as a top pick JPMorgan says it's sticking with the stock after its "strong" earnings report on Wednesday. Goldman Sachs reiterates Exxon as buy Goldman says it's sticking with its buy rating on shares of Exxon. Bank of America reiterates Apple as neutral Bank of America says Apple Services are at risk for further deceleration. Oppenheimer reiterates Ulta as outperform Oppenheimer says the bull case still has legs" for Ulta.

☆ A flurry of earnings reports, Fed rate hike, signs of a bull market
▼ + stars: | 2023-02-04 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Earnings season continues next week, with Club holdings Linde (LIN), Emerson Electric (EMR) and Walt Disney (DIS) all set to report. Similarly, shares of Meta Platforms (META) have surged over 20% since CEO Mark Zuckerberg reassured investors Wednesday evening that 2023 would be the technology giant's "year of efficiency." The bull case is further supported by continued signs inflation is easing, a still-robust job market and the breadth of market-buying activity since the start of the year. Lastly on Wednesday, the Fed's Federal Open Market Committee raised the federal funds rate by 25 basis points, in line with expectations. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Earnings and Fed Chair Powell will again drive markets in the week ahead
▼ + stars: | 2023-02-03 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

With few economic releases and the earnings season starting to wind down, an appearance by Federal Reserve Chairman Jerome Powell Tuesday could be among the newsiest events for markets in the week ahead. The Fed chair is speaking at the Economic Club of Washington D.C. at midday Tuesday. If he wanted to walk back anything, he could have done it then," said Art Hogan, chief market strategist at B. Riley. Economists said Friday's surprisingly strong jobs report should encourage the Fed to push forward with planned rate hikes. Earnings, earnings, earnings But there continues to be earnings news.

☆ A simple options strategy has been a big winner this earnings season, Goldman says
▼ + stars: | 2023-01-27 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

An earnings season that has been better-than-feared and a relatively calm stock market has led to big gains for a simple options strategy, according to Goldman Sachs. Vishal Vivek of Goldman's derivatives research team said in a note to clients on Wednesday that the implied volatility for stocks around earnings has been falling in recent weeks, making a simple strategy of buying call options a winner. "Buying calls ahead of earnings for the average U.S. stock with liquid options has yielded +29% return on premium," so far this quarter, the note said. Two stocks with upcoming earnings reports that could be good candidates for this strategy are breakfast cereal maker Post Holdings and agribusiness company Bunge , Goldman said. Post will report earnings after the bell on Feb. 2, while Bunge will announce on the morning of Feb. 8.

☆ Grain trader ADM hikes dividend as quarterly profit tops estimate
▼ + stars: | 2023-01-26 | by ( ) www.reuters.com time to read: +1 min

Jan 26 (Reuters) - Archer-Daniels-Midland Co (ADM.N) on Thursday reported upbeat fourth-quarter profit and said it will raise its dividend payments, as the global grains merchant benefited from tight global supply and hefty demand for grain and oilseeds. The strong quarterly performance followed record third-quarter earnings as tight supply and strong demand for food, feed and biofuel propelled results for the Chicago-based agribusiness. Supply chain middlemen such as ADM tend to thrive when crises such as droughts or war trigger shortages in parts of the world. It also raised its quarterly dividend by 12.5% to 45 cents. Reporting by Sourasis Bose in Bengaluru and Karl Plume in Chicago; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ These tactical trades are some of Goldman's favorite ways to play earnings season
▼ + stars: | 2023-01-15 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

Investors may need to dig deep to find upside plays during the fourth quarter earnings season, but there are still likely winners to be found, according to Goldman Sachs. In a note to clients on Thursday, managing director John Marshall said the options market suggests Wall Street will need to be blown away for companies to get rewarded this earnings season. Investors can use call options to play earnings season by buying contracts that expire after the report with a slightly higher strike price than the current market price. The following stocks have buy ratings from Goldman analysts, where the firm expects a healthy earnings beat. Expedia , which has surged 21% so far this year, is also well-liked by Goldman analysts.

☆ Brazil making 'atypical' soy sales to Argentina, Anec says
▼ + stars: | 2023-01-12 | by ( Ana Mano | Roberto Samora | ) www.reuters.com time to read: +2 min

SAO PAULO (Reuters) -A Brazilian trade group representing global grain merchants on Thursday confirmed “atypical” sales of Brazilian soybeans to Argentina after rumors about unusual cargos being booked at this time of the year. FILE PHOTO: Soybeans are harvested at a farm in Porto Nacional, Tocantins state, Brazil March 24, 2018. Fernando Muraro, an analyst with AgRural, estimates Brazilian soy sales of 200,000 to 300,000 tonnes to Argentina for delivery in February and March. “They went up.”Crushing margins in Argentina rose by $10 per tonne in the beginning of January, to $30, making soy imports from Brazil an attractive option during the peak of Argentina’s soy inter-harvest period, Muraro added. Last year, the first Brazilian soy shipments to Argentina were recorded in April, for a batch of almost 49,000 tonnes, Brazil trade data show.

☆ Restaurant Group Sues to Block California Fast-Food Wage Law
▼ + stars: | 2022-12-30 | by ( Jacob Bunge | Ben Fritz | ) www.wsj.com time to read: 1 min

Efforts to block the law have drawn support from restaurant companies including McDonald’s. A restaurant industry group sued a group of California state officials Thursday, alleging that they plan to illegally begin implementing a new law that would set minimum hourly wages for fast-food workers. The group, including franchisee and restaurant business associations called Save Local Restaurants, said it filed the lawsuit in California Superior Court after the state’s Department of Industrial Relations informed them that the law would go into effect Jan. 1.

☆ Bunge and Microsoft: CNBC's 'Halftime Report' traders answer your questions
▼ + stars: | 2022-12-22 | by ( Joshua Natoli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBunge and Microsoft: CNBC's 'Halftime Report' traders answer your questionsCNBC's Halftime traders Steve Weiss of Short Hills Capital and Shannon Saccocia of SVB Private Bank answer investment-related questions from CNBC Pro subscribers. Look out for an email where you can submit your questions directly to the Halftime team.

☆ Bunge and Microsoft: CNBC's 'Halftime Report' traders answer your stock questions
▼ + stars: | 2022-12-22 | by ( Joshua Natoli | ) www.cnbc.com time to read: 1 min

On Thursday's "Ask Halftime," our traders answered questions from CNBC Pro subscribers about stocks during this market volatility, including whether to buy, sell or hold specific names. Steve Weiss of Short Hills Capital shared his reasoning for Bunge as a commodity play, but cautioned retail investors that there are better investment opportunities out there. Also, Shannon Saccocia of SVB Private Bank gave her thesis on why Microsoft is a long-term hold going into 2023.

☆ High Commodity Prices Feed a Boom in the U.S. Farm Belt
▼ + stars: | 2022-12-21 | by ( Jesse Newman | Jacob Bunge | ) www.wsj.com time to read: 1 min

The U.S. Department of Agriculture expects farmers’ earnings to jump 14%, or nearly $20 billion, from 2021. High prices for crops and livestock are fueling a boom in the U.S. Farm Belt, making farmers, ranchers and agricultural companies rare winners as the broader American economy softens. U.S. net farm income is expected to surge to $160.5 billion this year, boosted by increased prices for farm goods ranging from wheat to milk, according to a key U.S. Department of Agriculture forecast in December. If realized, farm income would reach the highest level since 1973 in inflation-adjusted dollars, marking a sharp recovery from an agricultural recession that battered farmers and their suppliers during the past decade.

☆ These are analysts’ favorite value stocks heading into 2023, including one name expected to double
▼ + stars: | 2022-12-18 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

The IWF , its growth counterpart, has dropped 28% in that time, while the S & P 500 has fallen nearly 20%. This would mark the first time since 2016 that the IWD outpaces both the S & P 500 and IWF since 2016. The stock is trading at a slight discount relative to the S & P 500 and has buy ratings from three-quarters of analysts covering it. Mattel also made the list, with a price-to-earnings ratio of 10 and buy ratings from 73% of analysts. The stock is one the best performers in the S & P 500 for 2022, gaining more than 70% as investors have piled into the energy sector this year.

☆ Bunge to build $550-mln soy processing facility in Indiana
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +1 min

Dec 15 (Reuters) - Agriculture commodities trader Bunge Ltd (BG.N) said on Thursday it would invest about $550 million to build a soy protein concentrate facility in Indiana to cater to a rising demand for plant-based food products and processed meats. The new facility, which is adjacent to the company's soybean processing plant in Morristown, is expected to process an additional 4.5 million bushels of soybeans. Soy protein concentrate is used to make meat alternatives, but also helps to increase nutritional value in existing meat and poultry products. The global plant-based meat market size, according to a report by Grand View Research Inc, is projected to reach $24.8 billion by 2030. Bunge also operates a soy protein concentrate operation in Bellevue, Ohio.

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