Erai Scheffer, the world’s largest soybean farmer, bought 200 trucks for this crop to counter the worst transportation breakdown in Brazil’s history. In China, undelivered cargoes mean buyers may turn to Argentina as Brazil falters on its ability to become the top global supplier.
Bunge Ltd., the world’s second- largest publicly traded sugar processor, said Chief Executive Officer Alberto Weisser will retire and be replaced by Soren Schroder, the head of its North American unit.
Bunge Ltd., the world’s second- largest sugar trader, said it plans to spend $2.5 billion to boost sugar and ethanol production in Brazil over the next five years and may sell bonds to help finance the investments.
Bunge Ltd. Chief Executive Officer Alberto Weisser said he’s “not yet concerned” about crops in Ukraine and Russia because it’s too early in the season to judge the scale of any potential weather damage.
Archer Daniels Midland Co., the largest grain processor, topped analysts’ profit estimates for the first time in four quarters after international grain sales and oilseed processing in North America improved.
Bunge Ltd ., the world’s second- largest sugar trader, is less likely to revive a bid for Corn Products International Inc. after announcing a plan to buy back as much as $700 million of stock, BMO Capital Markets said.