The fortunes of two of the world’s largest agricultural commodity traders seem to have turned, reports Bloomberg.
This time last year, Archer-Daniels-Midland Co. beat profit estimates while Bunge Ltd. posted a loss after being wrong footed on soybeans amid President Donald Trump’s trade war with China.
Fast-forward to 2019: ADM’s bet that the tit-for-tat spat would end by mid-year flopped, while Bunge’s more conservative approach put the firm in a better position than its rival.
Read the full report here.
