Hints and tips:
...“We believe there is a ratings upside to this transaction, because it strengthens the positions of the two companies,” said Chris Johnson, portfolio analyst at debt rating agency S&P Global....
...My colleague Chris Giles wrote an excellent explainer on why this has been the case, partly due to the flow of economic reports....
...Leading agricultural traders, including Archer Daniels Midland and Bunge, which buy and sell grains around the world, have closed their operations in Ukraine....
...Engine No 1 has taken small positions in other companies including farm equipment maker John Deere and commodities trader Bunge....
...Bunge, the global agribusiness, announced a sustainability-linked revolving credit facility in December....
...In 2017 Glencore Agri approached Bunge, the US agricultural trader, with an offer but was quickly rebuffed....
...Last week the agriculture division of Swiss-based Glencore announced the retirement of veteran leader Chris Mahoney....
...Speaking at the FT Commodities Global Summit in Lausanne last week, Chris Mahoney, the head of Glencore Agri said there was too much capacity in the sector. 2018 was a difficult year for Glencore Agri,...
...Chris Cuddy, head of corn processing, will be in charge....
...Speaking at the FT Commodities Global Summit in March, Chris Mahoney, the former Olympic rower who runs Glencore Agriculture, said the unit would not buy a business in the US just to plug a gap in its trading...
...Comments like that would not have been lost on Glasenberg or on Chris Mahoney, the former Olympic rower who runs Glencore Agriculture....
...Glencore was last month involved in a fierce bid battle for Rio Tinto’s Australian coal assets with a state-backed Chinese company, while its agricultural arm approached Bunge, the US grains trader, about...
...LDC and Cargill are among the handful of companies that dominate agricultural trading, along with Archer Daniels Midland, Bunge and Glencore....
...Smart Reads Glencore’s ambition Hard-charging chief executive Ivan Glasenberg spotted an opening in agriculture in the form of Bunge, one of the world’s biggest grain traders....
...ConocoPhillips saw shares fall 1.5 per cent to $52.10 as the oil and gas producer swung to a loss amid a protracted drop in oil prices, while Bunge shares closed down 5 per cent at $81.27 after the company...
...Tate & Lyle is top of the FTSE 250 – up 3.4 per cent at 692p – on rumours that the food company Bunge could launch a takeover bid....
...“At the end of the day, lower grain volumes are not as good for overall performance for these companies as more grain volumes,” says Chris Johnson, credit analyst at Standard & Poor’s, which last week raised...
...Soyameal prices remained firm on the “selling strike” while the lack of soyabeans affected global companies such as ADM and rivals Bunge, Cargill and Glencore....
...Alberto Weisser, chief executive of Bunge, one of the world’s largest agricultural traders, said he was “optimistic about prices coming down”....
...“Any delays in transporting the commodities to the ports can, in turn, delay the expected global replenishment,” Chris Narayanan, agricultural analyst at Société Générale, said in a report....
...There is not enough,” says Chris Hurt, agricultural economist at Purdue University. “You’ve got to ration.” Additional reporting by Emiko Terazono in London...
...“If you look at the Brazilian national champions they are getting whacked,” says Chris Garman, an analyst with Eurasia Group. “The government’s focus is shifting.”...
...The well respected Mr Drake, who built the leading agriculture commodities trading house into a leading player in sugar, is joining Cargill alumni Doug King, Michael Coleman and Chris Pardey at physical...
...“[We are] looking to expand also in the US,” says Chris Mahoney, the former Olympic rower turned trader who runs Glencore’s agricultural business....
...However, Chris Gadd, grain analyst at Macquarie in London, said that plentiful wheat supplies, which compete with corn as a feed commodity, would cap any rally....
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