Cargill Heads to Record Profit on Booming Agriculture Market
- Company benefits from surging demand for meat and grains
- Commodity traders profit handsomely from volatile markets
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Cargill Inc., the commodity superpower that’s the largest private U.S. company, is emerging as one of the biggest winners of the boom in global agricultural markets as it barrels toward its most profitable year ever in its 156-year run.
The company made almost $4.3 billion in net income during the first nine months of its fiscal year, according to data released by the trading house to tap the bond market. That figure already surpasses its best ever total annual profit.