World Grain - March 2018 - 10

NEWSREVIEW

News review

Brought to you by World-Grain.com

Bunge sustains fourth-quarter loss
WHITE PLAINS, NEW YORK, U.S. - Lower grain margins and
tax law changes weighed on Bunge earnings for the fourth quarter,
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million a year earlier.
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Archer Daniels Midland Co. (ADM) in January. ADM said in
its earnings call earlier in February that it would not comment on
speculation.
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earnings release.
"While industry headwinds persisted through the end of the year,
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Bunge.
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throughout the remainder of the year," Schroder said.
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remained weak. Results in North America were lower than expected,
but higher than last year, due to positioning, the company said.
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crops.
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soymeal in destinations. Compared to last year, higher soy crushing
results in Brazil were more than offset by lower crushing results in
Europe, Argentina and Asia.
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Argentine crushers reduced production, bringing global soymeal
supply into better balance with demand, Bunge said.
The decline in Milling Products results was primarily in Brazil,
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soft demand.
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Brazilian wheat crop, Bunge said.
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Seaboard milling income slides in fiscal 2017
MERRIAM, KANSAS, U.S. - Seaboard Corp. posted operating
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third parties.
"Had Seaboard not applied mark-to-market accounting to its
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foreign exchange contracts are primarily economic hedges of its
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to account for these transactions as hedges for accounting purposes.
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sales contracts were not.
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to-market adjustments should be primarily offset by realized
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was of a normal recurring nature and included replacements of
machinery and equipment, and general facility modernizations and
upgrades.
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This business, which complements an existing CT&M business in
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include commodities of beans, peas and lentils. The company also
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business in Morocco.
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billion.
March 2018 / World Grain / www.World-Grain.com
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World Grain - March 2018

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