adm

How Potential ADM, Bungee Merger Would Impact Farmers

Dan Industry News Release

The possible merger of ADM and Bungee could decrease marketing outlets for farmers as the companies would combine operations. Chad Hart of Iowa State University told DTN-The Progressive Farmer this week that, however, unlike mergers in the seed business, there still is a fair amount of competition in crop marketing. Hart says there are “plenty of marketing outlets” independent from …

usda

ADM, Bunge Talks Advancing

Dan Industry News Release, Wheat

Talks between ADM and Bunge are advancing, and ADM says it could reach an agreement to purchase Bungee as soon as this week. Archer Daniels Midland, or ADM, proposed a takeover of Bunge last month, as Reuters points out that large grain traders that make money by buying, selling, storing and shipping commodity crops have struggled with global oversupplies and …