ADM in Talks to Buy Bunge as Early as This Week – Bloomberg | Successful Farming

Feb 5 (Reuters) – Top U.S. grains merchant Archer Daniels Midland Co could reach an agreement to buy smaller rival Bunge Ltd as early as this week, Bloomberg reported on Monday, citing unnamed sources familiar with the matter.The potential deal comes as large grain traders that make money by buying, selling, storing and shipping commodity crops have struggled with global oversupplies. Thin margins have squeezed such trading operations, including those of ADM, Bunge, Cargill Inc and Louis Dreyfus Co, which

Source: ADM in Talks to Buy Bunge as Early as This Week – Bloomberg | Successful Farming