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ADM & Bunge Show Turnaround

On Wednesday, July 29th, major grain trading companies Bunge and ADM both reported positive financial results that beat many analysts estimates. The reports showed that these businesses were now showing some renewed strength due to increased grain trading and oilseed businesses. The positive market effects are tied to activities both in the United States, South America and other nations.

More below:

https://www.reuters.com/article/us-bunge-results-idUSKCN24U1G5

https://www.reuters.com/article/us-archer-daniels-results/grain-trader-adm-reports-higher-profit-food-demand-during-pandemic-idUSKCN24U3C7