Loading…
Bunge and Viterra announced a merger to form an agribusiness trading company valued at about US$34bn, with each firm valued near US$17bn. Bunge would pay a large cash portion and assume US$9.8bn of Viterra's debt.
The combined group accounted for about 23.7% of Brazilian corn exports and 20.9% of soybean exports in 2022.
Consolidation of major corn and soybean export and crushing capacity could shift export logistics and pricing power, though regulatory review in Canada and Argentina may delay or reshape the deal.
issuu.comJun 20, 2023After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
