The Traderszone Network

Published in TZ Latest News 7 October, 2015 by The TZ Newswire Staff

All eyes on ADM and Bunge after Cargill profit jumps 20 percent

A 20 percent quarterly profit jump for global grains trader Cargill Inc [CARG.UL] suggests recent disappointing quarterly earnings from rival agribusinesses Archer Daniels Midland Co (ADM.N) and Bunge Ltd (BG.N) may be more of a blip than long- term concern, analysts said. Cargill’s strong results, reported on Wednesday, seem to indicate surprising strength for traders of agricultural commodities, as compared to those exposed to industrial and precious metals which have fallen sharply and rattled Glencore Plc (GLEN.L) and Noble Group (NOBG.SI).

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