|Bid||49.15 x 27000|
|Ask||51.12 x 800|
|Day's Range||50.08 - 50.47|
|52 Week Range||38.59 - 51.11|
|PE Ratio (TTM)||14.69|
|Earnings Date||Nov 6, 2018|
|Forward Dividend & Yield||1.34 (2.68%)|
|1y Target Est||53.73|
After a difficult 2018, investors may consider adding Bunge (NYSE:BG) stock, a leading trader and processor of farm commodities, to their portfolio for the rest of the year. There are several long strategies in Bunge stock that could lead to impressive profits.
Moody's Investors Service ("Moody's") today assigned a Prime-1 (P-1) rating to Archer-Daniels-Midland Company's (ADM's) new $4.0 billion European commercial paper (Euro CP) program. The new European program, as well as the company's existing US program, are supported by three committed credit facilities. ADM has a $1.5 billion 364-day facility due in December 2018, a $1.5 billion syndicated three-year revolving credit facility due in December 2020 and a $2.0 billion five-year revolving facility due in December 2022.
Sirius Minerals, which is trying to build a deep fertiliser mine in North Yorkshire, has had to take a stake in a Brazilian distributor to gain access to the world's most important and fastest growing fertiliser market. The UK listed miner announced a share swap Monday, handing over £27m of stock for a 30 per cent stake in Cibra, Brazil's sixth largest distributor and a subsidiary of the privately held Omimex Group, a Texan oil and gas company. Sirius is hoping to persuade the world's farmers to sprinkle its rock, known as polyhalite or Poly4, on their fields, and needs big long-term supply contracts to show lenders a market for the product exists, as the company attempts to arrange $3bn in financing, much of it guaranteed by the UK government.
NEW YORK/CHICAGO, Sept 12 (Reuters) - Archer Daniels Midland Co has sold unusually high volumes of ethanol into the Chicago market since late last year as export markets dried up, driving down prices in the U.S. Midwest and angering the company's rivals, according to traders and regulatory data. The Illinois-based global commodities powerhouse, a major ethanol producer, accounted for roughly 61 percent of the 9.5 million barrels sold at the Chicago hub between November and August, according to the data reviewed by Reuters. Previously, ADM had been a regular buyer: In September and October of last year, for example, ADM bought 810,000 barrels, 32 percent of the 2.495 million total trades in the Chicago hub during that stretch, according to the data.
The Federal government has pledged to pay U.S. farmers $4.7 billion to counteract the tariff related losses. Additionally, the administration will make direct purchases of nearly $1.2 billion and deploy around $200 million for developing new export markets for American cultivators. The U.S. agricultural industry stands to suffer the most from the ongoing trade war between Trump and other overseas economies.
Archer-Daniels-Midland (ADM) is seeing positive earnings estimate revisions, suggesting that it could be a solid choice for investors.
Trump rolls out $6 billion relief program for U.S. farmers to counteract trade-war related losses. This calls for bets on top-ranked stocks from the agricultural, poultry and dairy markets.
Archer-Daniels-Midland Company (NYSE:ADM) saw a decent share price growth in the teens level on the NYSE over the last few months. With many analysts covering the large-cap stock, we mayRead More...