Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

ADM in talks to buy Bunge as early as this week: Bloomberg

Reuters

Top U.S. grains merchant Archer Daniels Midland Co. could reach an agreement to buy smaller rival Bunge Ltd. as early as this week, Bloomberg reported on Monday, citing unnamed sources familiar with the matter.

The potential deal comes as large grain traders that make money by buying, selling, storing and shipping commodity crops have […]

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Bunge buys U.S. corn flour mills, following ADM takeover approach

Excerpts from Reuters:

U.S. grain merchant Bunge Ltd bought two corn flour mills to expand its food and ingredients business, the company said on Tuesday.

The move comes after a bid to takeover Bunge by rival Archer Daniels Midland Co. that would consolidate the agribusiness sector.

Bunge’s North American arm, based in St. Louis County, […]

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ADM-Bunge deal would create Cargill-sized agribusiness giant

From the Chicago Tribune:

The world of agricultural-commodity trading could be upended with the merger of two of its biggest names. Archer-Daniels-Midland Co. has sought deal talks with Bunge Ltd., a person briefed on the matter said at the weekend. That’s less than a year after Glencore approached Bunge about a deal.

ADM and Bunge […]

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ADM pursues big ag merger with grain trader Bunge

From Reuters:

Top U.S. grain merchant Archer Daniels Midland Co. has proposed a takeover of Bunge Ltd., according to a person familiar with the approach, which could set up a bidding war with Swiss-based rival Glencore Plc.

Bunge, which rebuffed an acquisition offer from Glencore last year, might not follow up on ADM’s proposal, the […]

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China implements new rules on soy imports

Excerpts from a Reuters report titled ‘Half of U.S. soy exports to China would fall afoul of new rules’:

Half of U.S. soybeans exported to China this year would not meet Chinese rules for routine delivery in 2018, according to shipping data reviewed by Reuters, signaling new hurdles in the $14-billion-a-year business.

More stringent quality […]

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Bunge-Glencore truce ending?

From Reuters:

Shares of Bunge Ltd. rose on news that an agreement that temporarily stopped Glencore from making a hostile bid will expire early next year.

The Wall Street Journal reported on the existence of the agreement and noted it might signal that Glencore is still interested in Bunge but is biding its time.

[…]

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Glencore takeover of Bunge ‘could be possible this year’

From Agrimoney:

A takeover by Glencore of US-based ag giant Bunge “could be possible this year”, Credit Suisse said, cutting its scepticism on a deal after the commodities group unveiled some wriggle room in its financial guidance.

Credit Suisse analysts – who last month flagged a “diminished risk” of Glencore succeeding in the takeover, after […]

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Glencore CEO says Bunge not the only grain target for expanding in the Americas

From Seeking Alpha:

Glencore CEO Ivan Glasenberg says that although an acquisition of Bunge would be a good fit for the company, it was not the only target on its radar in its effort to expand its presence in the Americas where it lacks scale.

Glasenberg refuses to say whether Glencore would launch a hostile […]

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Bunge share price rallies amid merger talks

From the Western Producer:

Shares of Bunge Ltd rose to a 22 month peak May 24 after merger overtures by Glencore Plc.’s agriculture unit, which owns Viterra in Canada, whetted investors’ appetite for consolidation in the commodities sector.

News that Glencore Agriculture Ltd., jointly owned by Glencore and two Canadian pension funds, approached Bunge sparked […]

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Crews respond to fire at midwest Bunge Grain elevator

From WCCU:

Emergency crews were dispatched to a report of a fire on Coffeen Street in Homer, Illinois.

The Homer Fire Chief Don Happ tells Fox Illinois they believe the motor from an industrial fan started the fire at Bunge Grain on Coffeen Street.

Happ says 100,000 bushels of grain have been burned in the […]

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Grain train derails at Bunge facility

Work crews try to get a train car uprighted Saturday afternoon after a derailment at Bunge Oilseed Processing. Photo by Chuck Samples/KVOE News.

Details are still pending after at least one and as many as three train cars overturned at Emporia, Kansas’ Bunge Oilseed Production facility recently.

KVOE News was told on site Saturday that […]

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Fire at Bunge plant in Saskatchewan

Almost every member of the Nipawin Fire Department and all of its six trucks were called out to a fire at Bunge, just south of Nipawin the evening of Tuesday, August 2.

“It was a fire in the machinery,” said Chief Brian Starkell.

There were no injuries reported. An investigator will be coming up […]

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Former Bunge manager gets 366 days for fraud

A Tennessee man who defrauded Bunge North America by overpaying for agricultural commodities, was sentenced Thursday to 366 days in federal prison.

From 2009-2013, Coleman Carpenter, of Troy, overpaid farmers, producers and dealers for millions of bushels of corn, soybeans and other commodities, prosecutors have said. He then falsified documents to show that he had […]

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All eyes on ADM and Bunge after Cargill profit jumps 20 pct

A 20 percent quarterly profit jump for global grains trader Cargill Inc suggests recent disappointing quarterly earnings from rival agribusinesses Archer Daniels Midland Co and Bunge Ltd may be more of a blip than long-term concern, analysts said.

Cargill’s strong results, reported on Wednesday, seem to indicate surprising strength for traders of agricultural commodities, as […]

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Louis Dreyfus H1 profit halved by commodities downturn

Weaker commodity markets led to a halving of first-half profit at Louis Dreyfus Commodities B.V. , but the global trading group said its growing volumes showed food could withstand economic pressures better than other raw materials.

Louis Dreyfus, like traditional rivals Archer Daniels Midland, Bunge and Cargill that dominate trading in agricultural commodities, has been […]

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