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Bunge has sold its stake in a U.S. ethanol plant as the biofuels industry struggles. The sale is part of a broader restructuring by the ABCD grain traders, who have cut costs after a multi-year crop supply glut thinned margins.
Corporate restructuring reflects weak processing margins, which can reduce crush and co-product output over time but has limited near-term price impact.
reuters.comTom PolansekJan 3, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
