War Brings an Uncomfortable Windfall for Commodity Traders
- Volatility, arbitrage create dynamics where traders thrive
- Glencore, Bunge see strong 2022 after booming start to year
This article is for subscribers only.
It’s an awkward but unavoidable truth: War in Ukraine is proving quite good for business for the world’s top commodities traders.
Glencore Plc expects its full-year trading profits will again exceed its targeted range following a bumper first-quarter performance, while crop giant Bunge Ltd. boosted its earnings estimates for the year by more than 20% after reporting its own stellar results.