Bunge Archives | Alberta Farmer Express

Supercluster backing canola protein production

By GFM Staff January 16, 2020

The federally-backed research and development “supercluster” set up to boost Canada’s protein industries is funding work to wring more and better proteins out of canola seed. In Saskatoon on Wednesday, federal Industry Minister Navdeep Bains announced the Protein Industries Canada (PIC) supercluster has approved a new $27.6 million project to breed high-protein canola hybrids for […] Read more

Crops, Markets

Major grain traders’ e-transaction platform gets name

By GFM Staff December 5, 2019

The blockchain-based global commodity transaction platform being developed by six of the world’s biggest agrifood firms is moving ahead with a new name and project leader. The six companies — ADM, Bunge, Cargill, Louis Dreyfus, Cofco and Glencore Agriculture — announced Wednesday the project will be named Covantis, and have hired former ADM executive Stefano […] Read more

Reuters

Bunge shares slide as China trade war, pig disease upset exports

By Arundhati Sarkar, Tom Polansek October 30, 2019

Reuters – Agricultural merchant Bunge Ltd warned on Wednesday of a drop in annual profits due to mounting challenges to its grain trading and processing business from the U.S.-China trade war and a fatal pig disease in Asia, sending shares down more than 4 percent. The company reported better-than-expected third-quarter profits, driven by higher margins […] Read more

Crops, Reuters

Big Ag wants a cut of booming fake-meat market

By Rod Nickel, Tom Polansek September 11, 2019

Winnipeg/Chicago | Reuters — Bunge, one the world’s biggest grain traders, recently disclosed the 1.6 per cent stake it had purchased in the fast-growing fake-meat startup Beyond Meat. The play looked smart after the stock surged more than 250 per cent since the faux burger and sausage maker’s initial public offering in May. Indeed, Beyond […] Read more

Crops, Markets, Reuters

Bunge CEO looks to avoid ‘stroke-of-the-pen’ risk in ongoing trade war

By Karl Plume August 20, 2019

Chicago | Reuters — A year removed from a losing bet that the U.S.-China trade war would be promptly resolved, global grains trader Bunge is facing an even more uncertain business environment, with a new CEO determined not to get burned again. Gregory Heckman, who joined Bunge’s board late last year and took on the […] Read more

Reuters

Bunge posts profit on South America, gain from Beyond Meat investment

By Karl Plume July 31, 2019

Chicago | Reuters – Agricultural commodities trader Bunge Ltd swung to a profit in the second quarter from a year-ago loss, helped by improved results at its South American operations. Bunge also reported an unrealized gain from the company’s stake in Beyond Meat Inc, meaning it could profit from the plant-based burger venture if it sells its nearly […] Read more

Crops, Markets, Reuters, Weather

Major grain traders face one-two punch from U.S. floods, trade war

By Karl Plume July 10, 2019

Chicago | Reuters — Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland and Bunge for a second straight quarter, adding to headwinds from a still-unresolved U.S.-China trade war, analysts and economists said. ADM and Bunge, as well as peers Cargill and Louis Dreyfus, known as the ABCD quartet of […] Read more

Crops, Markets, Reuters

New Bunge CEO looks to downsize company before growing again

By Rod Nickel May 15, 2019

New York | Reuters — The new chief executive of oilseed processor Bunge said Wednesday that the company needs to downsize in the short term and earn “the right to grow again,” by avoiding costly mistakes and operating with financial discipline. “We’re going to let the numbers drive what should happen for us. First, we […] Read more

Crops, Markets, Reuters

Bunge moves from regional to global operating model

By Karl Plume May 8, 2019

Chicago | Reuters — U.S. agricultural commodities trader Bunge on Wednesday overhauled its global operations and named a new chief financial officer in the latest shake-up for the 200-year-old company hard hit by a years-long grain market downturn. The moves come as Bunge reported a stronger-than-expected first-quarter profit due to higher soy crush margins in […] Read more

Crops, Reuters

Bunge names acting chief as new CEO

By Karl Plume April 25, 2019

Reuters — Global grains trader Bunge on Thursday named Gregory Heckman as its chief executive officer, three months after he took the helm in an interim capacity. Heckman, a founding partner of private investment firm Flatwater Partners and the former chief executive of grains trader Gavilon Group, was appointed acting CEO in January after long-serving […] Read more

AAFC forecasts more wheat, less canola seeded in spring

Feed weekly outlook: Temperatures rise, Prairie bids cool down

ICE weekly outlook: Don’t expect China to buy if Huawei exec goes free

GFM Network News

AAFC forecasts more wheat, less canola seeded in spring

Feed weekly outlook: Temperatures rise, Prairie bids cool down

ICE weekly outlook: Don’t expect China to buy if Huawei exec goes free

Tag Archives Bunge

Supercluster backing canola protein production

Major grain traders’ e-transaction platform gets name

Bunge shares slide as China trade war, pig disease upset exports

Big Ag wants a cut of booming fake-meat market

Bunge CEO looks to avoid ‘stroke-of-the-pen’ risk in ongoing trade war

Bunge posts profit on South America, gain from Beyond Meat investment

Major grain traders face one-two punch from U.S. floods, trade war

New Bunge CEO looks to downsize company before growing again

Bunge moves from regional to global operating model

Bunge names acting chief as new CEO

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