Bunge Archives | Page 2 of 7 | Alberta Farmer Express

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 9, 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

G3 announced a pair of new elevators for Alberta late last month.

News

Grain handler G3 to further expand Alberta footprint

The Winnipeg-headquartered company expects to have five Alberta elevators up by end of 2020

By Alberta Farmer Staff April 10, 2019

Reading Time: 2 minutes Having started 2018 with zero grain elevators in the Alberta market, G3 expects to soon have five in progress. The Winnipeg-based grain handler plans to start construction by this summer on a pair of 42,000-tonne-capacity elevators near Stettler and Irricana, for completion the following year. The Stettler County elevator is to be built near the […] Read more

Crops

Grain trade regional tie-ups seen more likely over mega-deals

By Reuters March 25, 2019

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 more difficult, Louis Dreyfus’ CEO said. Merchants have been grappling with lower profits from sourcing and shipping commodities such as grain and oilseeds, prompting cutbacks […] Read more

Crops, Markets, Reuters

Bunge names acting CEO, cuts 2018 guidance

By Reuters January 22, 2019

Reuters — Global grains trader Bunge appointed one of a slew of new board members as its acting CEO on Tuesday and cut its 2018 earnings forecast as the U.S.-China trade war battered soybean prices and devalued the company’s inventory in Brazil. Gregory Heckman, a founding partner of private investment firm Flatwater Partners and former […] Read more

News

Another new elevator for Alberta

By Alberta Farmer Staff January 3, 2019

Reading Time: < 1 minute The investment in Western Canada’s grain sector continues to grow. G3 Canada recently announced another new elevator, this time in Morinville. The news came just two months after the company announced plans to build an elevator near Carmangay. Construction on that elevator is underway as well as at a third G3 facility at Wetaskiwin. The […] Read more

Major flour miller to buy U.S. chickpea processor

Wet or dry spring ahead? Depends on where in Canada

Spanish report calls for cull of over 850 cattle on pariah ship

GFM Network News

Major flour miller to buy U.S. chickpea processor

Wet or dry spring ahead? Depends on where in Canada

Spanish report calls for cull of over 850 cattle on pariah ship

Tag Archives Bunge — page 2

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

Grain handler G3 to further expand Alberta footprint

Grain trade regional tie-ups seen more likely over mega-deals

Bunge names acting CEO, cuts 2018 guidance

Another new elevator for Alberta

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