|Bid||287.00 x 1586300|
|Ask||297.00 x 294500|
|Day's Range||285.70 - 294.10|
|52 Week Range||124.55 - 347.00|
|PE Ratio (TTM)||30.08|
|Dividend & Yield||0.07 (1.82%)|
|1y Target Est||N/A|
Shares of Bunge Ltd touched a 22-month high on Wednesday, signaling investors' hopes for consolidation in the commodities sector even after the U.S. agribusiness said it was not in M&A talks with the agricultural unit of Glencore Plc. Glencore shares slipped 0.1 percent to 291.75 pence. News that Glencore Agriculture Ltd, a joint venture owned by Glencore and two Canadian pension funds, had informally approached Bunge about a "possible consensual business combination" sparked Bunge's sharpest rally in more than eight years on Tuesday.
Investors can collect some big dividends in the copper sector if they know where to look.
Miner and trader Glencore is looking to expand its agriculture business via its partnership with two Canadian funds, the company's CEO said on Wednesday, but has no plans to move into any commodities it does not already trade. CEO Ivan Glasenberg was speaking a day after U.S. grains trader Bunge Ltd said it was not in talks with Glencore, while Glencore said it had made an informal approach to discuss "a possible consensual business combination".