Top Agriculture Commodity Traders Get Squeezed as Exports Falter
- Trading, merchandising margins are down 10%-plus in 2019: S&P
- U.S. crop traders ADM and Bunge report earnings this week
Photographer: Vincent Mundy/Bloomberg
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The biggest agricultural-commodity traders are getting squeezed.
With U.S. grain exports expected to fall more than 20% in the 2019 crop year, Archer-Daniels-Midland Co., Bunge Ltd. and Cargill Inc. are making less money buying and selling crops. That’s according to S&P Global Ratings, which estimates trading and merchandising margins for the firms have fallen by more than 10% so far this year.