Archer Daniels Midland (ADM) Declares $0.36 Quarterly Dividend; 4.2% Yield
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Bunge reports loss, cuts 2020 outlook as coronavirus hits demand
May 6, 2020 7:09 AM EDTBy Karl Plume
CHICAGO (Reuters) - Agricultural commodities trader Bunge Ltd (NYSE: BG) reported a first-quarter loss on Wednesday and lowered its full-year forecast as the coronavirus crisis hammered demand for fuel and upended global food supply chains, sending shares plunging 11%.
Demand for edible oils fell toward the end of the January-to-March period as the crisis shuttered restaurants and suspended travel, while crashing Brazilian ethanol prices and whipsawing currency markets dented Bunge's outlook for its sugar and bioenergy unit.
The results do not yet reflect the more recent oil price crash and its... More
Archer Daniels Midland (ADM) PT Lowered to $40 at Credit Suisse
May 5, 2020 6:14 AM EDTCredit Suisse analyst Robert Moskow lowered the price target on Archer Daniels Midland (NYSE: ADM) to $40.00 (from $42.00) while maintaining a Neutral rating.... More
