Bunge Global SA

NYSE:BGUnited States

Oct 30, 2024

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• Citigroup Cuts Price Target on Bunge to $94 From $96, from 2:42PM ET on Wednesday Oct 30, 2024 by MT Newswires

  2:42PM ET on Wednesday Oct 30, 2024 by MT Newswires
  Companies Mentioned: BG
  02:42 PM EDT, 10/30/2024 (MT Newswires) -- Bunge SA (BG) has an average outperform rating and price target range of $90 to $129, according to analysts polled by Capital IQ. (MT Newswires covers equity, commodity and economic research from major bank...

• DJ Bunge, Soybean Processors Face Biofuel Uncertainty -- Market Talk, from 1:41PM ET on Wednesday Oct 30, 2024 by Dow Jones

  1:41PM ET on Wednesday Oct 30, 2024 by Dow Jones
  Companies Mentioned: BG
  
  1341 ET - Bunge CEO Greg Heckman says the lack of policy guidance on a biofuel production credit is leaving billions of dollars of new plants running at low capacity, hurting industry processing margins. Oilseed producers like Bunge are hoping the U.S. expands the use of biofuels such as renewable diesel and sustainable aviation fuel and clamp down on imports of used cooking oils that compete with American grown soybean oil as an ingredient in so-called green fuels. "We haven't got all the policy and the incentives right yet and we remain positive that that'll get worked out," Heckman says on a call with analysts. "We've shown that we do have the supply, capacity has been added." (patrick.thomas@wsj.com)
  

• DJ Bunge Still Waiting on Approval for Viterra Deal in China, Canada -- Market Talk, from 11:45AM ET on Wednesday Oct 30, 2024 by Dow Jones

  11:45AM ET on Wednesday Oct 30, 2024 by Dow Jones
  Companies Mentioned: GLNCY, BG
  
  1144 ET - Crop trader Bunge says it's still waiting on approval from Chinese and Canadian regulators for its $8 billion acquisition of Glencore-backed Viterra. Company executives say that it had secured conditional approval from EU regulators after offering to divest assets in Hungary and Poland. The deal was announced last summer and would put Bunge on par with grain trading rivals ADM and Cargill. (patrick.thomas@wsj.com)