Paris | Reuters — The agricultural trading industry can expect more consolidation at a regional level in an effort to improve margins, but big deals between global merchants are becoming […] Read more
Tag Archives consolidation
Grain trade regional tie-ups seen more likely over mega-deals
Bunge board backs management after earnings miss, CEO says
Chicago | Reuters — Agricultural merchant Bunge reported a worse-than-expected loss for the fourth quarter on Wednesday, the latest in a string of poor results that has left the company’s […] Read more
ADM reported making takeover approach to Bunge
Reuters — Top U.S. grains merchant Archer Daniels Midland has proposed a takeover of Bunge Ltd., the Wall Street Journal reported on Friday, a move that could set up a […] Read more
Bunge shares jump on report of Glencore standstill agreement
Reuters — Shares of U.S. commodities trader Bunge surged on Friday after the Wall Street Journal reported that Glencore had a standstill agreement that temporarily prevents the Swiss company from […] Read more
U.S. grain handler Lansing buys Interstate
Chicago | Reuters — Grain handler Lansing Trade Group LLC is buying Interstate Commodities, marking another step in consolidation that is rippling through the U.S. agriculture sector as persistently low […] Read more
Ag census logs more younger and female farm operators
While people age 55 and over still make up the fastest-growing segment of farmers in Canada, the latest Census of Agriculture shows slightly more producers under age 35 for the […] Read more
U.S. agribusiness deal not a priority for Glencore
Lausanne | Reuters — Glencore does not see further consolidation in agricultural commodities as straightforward and views a U.S. acquisition as less crucial than in the past, the group’s agriculture […] Read more
As Trump meets biotech CEOs, farm advisers fret over empty USDA spot
Chicago | Reuters — U.S. President-elect Donald Trump has left the agriculture secretary as the last department head to be named to his cabinet, while a meeting with the chief […] Read more
Agrium sees opportunities from major merger talk
Reuters — Agrium, North America’s largest retail seller of products for crop producers, could benefit if some of the biggest makers of seed and agricultural chemicals merge, CEO Chuck Magro […] Read more
Monsanto rejects Bayer bid
Monsanto, the world’s largest seed company, has rejected Bayer AG’s US$62 billion acquisition bid as “incomplete and financially inadequate” but hasn’t slammed the door on further talks. Reuters on Tuesday […] Read more