CNH Industrial, a leading manufacturer of farm and construction equipment, has lowered its full-year profit forecast for the second time, citing slowing demand for its tractors and combines. The company now expects adjusted profit to …
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Bunge-Viterra Merger Nears EU Approval, But Faces Hurdles Elsewhere
The $34 billion merger between U.S. grains merchant Bunge and Glencore-backed Viterra is on track for conditional approval from the European Union, according to a source with direct knowledge of the matter. The deal, announced …
Continue readingUSDA Raises Corn Production, Cuts Stocks, Sending Prices Higher
The U.S. Department of Agriculture (USDA) released its latest crop production report on Friday, revealing both positive and negative news for corn and soybean markets. While the USDA raised its estimate for 2023/24 corn production …
Continue readingBunge and Viterra Offer Concessions to Secure EU Merger Approval
Bunge and Viterra, two major agricultural companies, are offering concessions to win EU antitrust approval for their $34 billion merger. This move comes after the European Commission expressed concerns about the deal’s potential impact on …
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