Latest news with #BungeGlobalSA
Yahoo
4 days ago
- Business
- Yahoo
Tariffs are starting to squeeze profits for Trump-loving farmers
(Bloomberg) — President Donald Trump has repeatedly said he loves farmers. His actions, though, are rippling across the agriculture industry as tariffs raise the cost of everything from tractors to fertilizers and squeeze profits for US growers already contending with low crop prices. All Hail the Humble Speed Hump Three Deaths Reported as NYC Legionnaires' Outbreak Spreads Mayor Asked to Explain $1.4 Billion of Wasted Johannesburg Funds Major Istanbul Projects Are Stalling as City Leaders Sit in Jail Chicago Schools' Bond Penalty Widens as $734 Million Gap Looms The sweeping effects of the president's trade war are coming into sharper focus as agricultural giants including Mosaic Co. (MOS), AGCO Corp (AGCO). and Bunge Global SA report their latest results: deliveries of key nutrients to the US have plunged, machinery prices are climbing and crop buyers are limiting purchases amid mounting uncertainty. The levy-inflicted costs come at a time when American farmers — who by and large strongly support Trump — have little buffer to absorb the impact. A benchmark for corn, soybean and wheat prices has fallen to its lowest levels since the height of pandemic lockdowns amid ample supplies globally, cutting into farm revenues. For rolling updates on tariffs, check out our liveblog > 'Farmer economics in North America has been an industry concern as the price of corn has not kept up with the price of inputs,' Bert Frost, executive vice president of sales, market development and supply chain at fertilizer maker CF Industries Holdings Inc., (CF) said in a Thursday earnings call. Frost added that tariffs delayed or even cut much needed fertilizer imports into the US in the second quarter, leaving the company with 'incredibly low inventory that needs to be rebuilt in the United States and Canada.' Trump has asked farmers to give his tariff policies time to play out, promising better results than the trade deal he struck with China in his first term. Speaking on CNBC earlier this week, Trump again touted his support for farmers, calling them a 'very important part of this country' and saying he wanted to work to make sure they have the labor they need — even as many workers are deported via his immigration crackdown. 'We're not going to do anything to hurt the farmers,' Trump said. 'We're taking care of our farmers. We can't let our farmers not have anybody.' Potentially making matters worse, Trump's new tariffs officially took hold Thursday, adding to baseline rates imposed in April and continuing his push to reshape global trade. Taken together, the president's actions will drive up the average US tariff rate to 15.2%, well above 2.3% last year and the highest level since the World War II era, according to Bloomberg Economics estimates. 'All of our competitors and us have certain products that are going to be more expensive,' said Eric Hansotia, chief executive officer of tractor maker AGCO, which has recently announced some price hikes in North America. The company may also raise prices in other regions to offset the tariff impact, he added. 'We will implement price increases where appropriate and feasible.' US-bound shipments of phosphate and potash, two key fertilizers, are down 20% from a year ago and are expected to 'remain subdued,' Jenny Wang, Mosaic commercial vice president, said in a call with analysts Wednesday. Phosphate shipments were particularly impacted 'given tariffs on most of the origins,' according to Mosaic. Morocco, China and Saudi Arabia are among the top global exporters of the key crop input. The levies come at a time when tight supplies of the crop-nourishing ingredients are driving prices higher globally, Wang added. A North American fertilizer price gauge has surged 35% this year to the highest since 2022, when supply fears sent prices skyrocketing following Russia's invasion of Ukraine. Adding to cost woes, tariff uncertainty has also harmed crop demand. Outstanding US soybean sales for delivery in the marketing-year starting next month are at the lowest level in almost two decades, with no sales booked yet for top buyer China, according to US Department of Agriculture data compiled by Bloomberg. Customers are going 'very spot,' meaning they have limited their crop purchases to immediate needs, Bunge Chief Executive Officer Greg Heckman said in a call with analysts last week. Bunge reported the lowest second-quarter adjusted earnings per share since 2018. —With assistance from Michael Hirtzer, Ilena Peng and Skylar Woodhouse. The Pizza Oven Startup With a Plan to Own Every Piece of the Pie Digital Nomads Are Transforming Medellín's Housing Russia's Secret War and the Plot to Kill a German CEO It's Only a Matter of Time Until Americans Pay for Trump's Tariffs The Game Starts at 8. The Robbery Starts at 8:01 ©2025 Bloomberg L.P. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Bloomberg
05-08-2025
- Business
- Bloomberg
Bunge Sells Another Argentine Soybean Meal Cargo to China
Crop trader Bunge Global SA has sold another cargo of Argentine soybean meal to China as the Asian nation seeks to diversify supplies of the key animal feed ingredient due to a trade war with the US, according to people familiar with the matter. The sale comes after Bunge recently chartered the first shipment to China. The newly sold cargo is expected to be shipped in September, said the people, who asked not to be named because the deal is private.
Globe and Mail
31-07-2025
- Business
- Globe and Mail
Bunge Global SA Announces Pricing of $1.3 Billion Senior Notes Offering
Bunge Global SA (NYSE: BG) (the 'Company' or 'Bunge') today announced that Bunge Limited Finance Corp., its wholly owned finance subsidiary, has successfully priced a public offering of $1.3 billion aggregate principal amount, comprised of two tranches of senior unsecured notes (collectively, the 'Senior Notes'), as follows: $650 million aggregate principal amount of 4.550% Senior Notes due 2030 (the '2030 Notes'); and $650 million aggregate principal amount of 5.150% Senior Notes due 2035 (the '2035 Notes'). The Senior Notes will be fully and unconditionally guaranteed by Bunge Global SA on a senior unsecured basis. The offering was made pursuant to a registration statement filed with the U.S. Securities and Exchange Commission. The offering is expected to close on August 4, 2025, subject to the satisfaction of customary closing conditions. Bunge intends to use the net proceeds from the offering of the Senior Notes for general corporate purposes. General corporate purposes may include the repayment and refinancing of debt, including certain short-term indebtedness, working capital, capital expenditures, stock repurchases and investments in subsidiaries. Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Mizuho Securities USA LLC, ING Financial Markets LLC, SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering of the 2030 Notes. Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Mizuho Securities USA LLC, BBVA Securities Inc., BMO Capital Markets Corp. and SMBC Nikko Securities America, Inc. are acting as joint book-running managers for the offering of the 2035 Notes. Academy Securities, Inc., ANZ Securities, Inc., BofA Securities, Inc., BNP Paribas Securities Corp., Commonwealth Bank of Australia, Credit Agricole Securities (USA) Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Natixis Securities Americas LLC, Oversea-Chinese Banking Corporation Limited, Rabo Securities USA, Inc., Scotia Capital (USA) Inc., Standard Chartered Bank and U.S. Bancorp Investments, Inc. are acting as senior co-managers for the offering of the Senior Notes. Cabrera Capital Markets LLC, CIBC World Markets Corp., Commerz Markets LLC, DZ Financial Markets LLC, Goldman Sachs & Co. LLC, ICBC Standard Bank Plc, Loop Capital Markets LLC, PNC Capital Markets LLC, RBC Capital Markets, LLC, Santander US Capital Markets LLC, SEB Securities, Inc., SG Americas Securities, LLC, Siebert Williams Shank & Co., LLC and Westpac Capital Markets LLC are acting as co-managers for the offering of the Senior Notes. This offering of Senior Notes may be made only by means of the prospectus supplement and the accompanying prospectus related to the offering. Copies of the prospectus supplement and the accompanying prospectus relating to the offering can be obtained by contacting Citigroup Global Markets Inc. by phone at 1-800-831-9146 or by email at prospectus@ Deutsche Bank Securities Inc. by phone at 1-800-503-4611 or by email at or Mizuho Securities USA LLC at 1-866-271-7403. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, these Senior Notes in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About Bunge At Bunge (NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world. As a premier agribusiness solutions provider, our team of ~37,000 dedicated employees partner with farmers across the globe to move agricultural commodities from where they're grown to where they're needed—in faster, smarter, and more efficient ways. We are a world leader in grain origination, storage, distribution, oilseed processing and refining, offering a broad portfolio of plant-based oils, fats, and proteins. We work alongside our customers at both ends of the value chain to deliver quality products and develop tailored, innovative solutions that address evolving consumer needs. With 200+ years of experience and presence in over 50 countries, we are committed to strengthening global food security, advancing sustainability, and helping communities prosper where we operate. Bunge has its registered office in Geneva, Switzerland and its corporate headquarters in St. Louis, Missouri. Cautionary Statement Concerning Forward Looking Statements The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward looking statements to encourage companies to provide prospective information to investors. This press release includes forward looking statements that reflect our current expectations about the size, timing and terms of the proposed offering. Forward looking statements include all statements that are not historical in nature. We have tried to identify these forward looking statements by using words including "may," "will," "should," "could," "expect," "anticipate," "believe," "plan," "intend," "estimate," "continue" and similar expressions. These forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. The following factors, among others, could cause actual results to differ from these forward-looking statements: our ability to complete the proposed offering on the expected timing and terms, or at all; the impact on our employees, operations, and facilities from the war in Ukraine and the resulting economic and other sanctions imposed on Russia, including the impact on us resulting from the continuation and/or escalation of the war and sanctions against Russia; the effect of weather conditions and the impact of crop and animal disease on our business; the impact of global and regional economic, agricultural, financial and commodities market, political, social and health conditions; changes in government policies and laws affecting our business, including agricultural and trade policies, including tariff policies, financial markets regulation and environmental, tax and biofuels regulation; the impact of seasonality; the impact of government policies and regulations; the outcome of pending regulatory and legal proceedings; our ability to complete, integrate and benefit from acquisitions, divestitures, joint ventures and strategic alliances, including without limitation, Bunge's recently completed business combination with Viterra Limited; the impact of industry conditions, including fluctuations in supply, demand and prices for agricultural commodities and other raw materials and products that we sell and use in our business, fluctuations in energy and freight costs and competitive developments in our industries; the effectiveness of our capital allocation plans, funding needs and financing sources; the effectiveness of our risk management strategies; operational risks, including industrial accidents, natural disasters, pandemics or epidemics, wars and cybersecurity incidents; changes in foreign exchange policy or rates; the impact of our dependence on third parties; our ability to attract and retain executive management and key personnel; and other factors affecting our business generally. The forward looking statements included in this release are made only as of the date of this release, and except as otherwise required by federal securities law, we do not have any obligation to publicly update or revise any forward looking statements to reflect subsequent events or circumstances.
Yahoo
31-07-2025
- Business
- Yahoo
Bunge Global SA Announces Pricing of $1.3 Billion Senior Notes Offering
ST. LOUIS, July 31, 2025--(BUSINESS WIRE)--Bunge Global SA (NYSE: BG) (the "Company" or "Bunge") today announced that Bunge Limited Finance Corp., its wholly owned finance subsidiary, has successfully priced a public offering of $1.3 billion aggregate principal amount, comprised of two tranches of senior unsecured notes (collectively, the "Senior Notes"), as follows: $650 million aggregate principal amount of 4.550% Senior Notes due 2030 (the "2030 Notes"); and $650 million aggregate principal amount of 5.150% Senior Notes due 2035 (the "2035 Notes"). The Senior Notes will be fully and unconditionally guaranteed by Bunge Global SA on a senior unsecured basis. The offering was made pursuant to a registration statement filed with the U.S. Securities and Exchange Commission. The offering is expected to close on August 4, 2025, subject to the satisfaction of customary closing conditions. Bunge intends to use the net proceeds from the offering of the Senior Notes for general corporate purposes. General corporate purposes may include the repayment and refinancing of debt, including certain short-term indebtedness, working capital, capital expenditures, stock repurchases and investments in subsidiaries. Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Mizuho Securities USA LLC, ING Financial Markets LLC, SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering of the 2030 Notes. Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Mizuho Securities USA LLC, BBVA Securities Inc., BMO Capital Markets Corp. and SMBC Nikko Securities America, Inc. are acting as joint book-running managers for the offering of the 2035 Notes. Academy Securities, Inc., ANZ Securities, Inc., BofA Securities, Inc., BNP Paribas Securities Corp., Commonwealth Bank of Australia, Credit Agricole Securities (USA) Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Natixis Securities Americas LLC, Oversea-Chinese Banking Corporation Limited, Rabo Securities USA, Inc., Scotia Capital (USA) Inc., Standard Chartered Bank and U.S. Bancorp Investments, Inc. are acting as senior co-managers for the offering of the Senior Notes. Cabrera Capital Markets LLC, CIBC World Markets Corp., Commerz Markets LLC, DZ Financial Markets LLC, Goldman Sachs & Co. LLC, ICBC Standard Bank Plc, Loop Capital Markets LLC, PNC Capital Markets LLC, RBC Capital Markets, LLC, Santander US Capital Markets LLC, SEB Securities, Inc., SG Americas Securities, LLC, Siebert Williams Shank & Co., LLC and Westpac Capital Markets LLC are acting as co-managers for the offering of the Senior Notes. This offering of Senior Notes may be made only by means of the prospectus supplement and the accompanying prospectus related to the offering. Copies of the prospectus supplement and the accompanying prospectus relating to the offering can be obtained by contacting Citigroup Global Markets Inc. by phone at 1-800-831-9146 or by email at prospectus@ Deutsche Bank Securities Inc. by phone at 1-800-503-4611 or by email at or Mizuho Securities USA LLC at 1-866-271-7403. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, these Senior Notes in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About Bunge At Bunge (NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world. As a premier agribusiness solutions provider, our team of ~37,000 dedicated employees partner with farmers across the globe to move agricultural commodities from where they're grown to where they're needed—in faster, smarter, and more efficient ways. We are a world leader in grain origination, storage, distribution, oilseed processing and refining, offering a broad portfolio of plant-based oils, fats, and proteins. We work alongside our customers at both ends of the value chain to deliver quality products and develop tailored, innovative solutions that address evolving consumer needs. With 200+ years of experience and presence in over 50 countries, we are committed to strengthening global food security, advancing sustainability, and helping communities prosper where we operate. Bunge has its registered office in Geneva, Switzerland and its corporate headquarters in St. Louis, Missouri. Cautionary Statement Concerning Forward Looking Statements The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward looking statements to encourage companies to provide prospective information to investors. This press release includes forward looking statements that reflect our current expectations about the size, timing and terms of the proposed offering. Forward looking statements include all statements that are not historical in nature. We have tried to identify these forward looking statements by using words including "may," "will," "should," "could," "expect," "anticipate," "believe," "plan," "intend," "estimate," "continue" and similar expressions. These forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. The following factors, among others, could cause actual results to differ from these forward-looking statements: our ability to complete the proposed offering on the expected timing and terms, or at all; the impact on our employees, operations, and facilities from the war in Ukraine and the resulting economic and other sanctions imposed on Russia, including the impact on us resulting from the continuation and/or escalation of the war and sanctions against Russia; the effect of weather conditions and the impact of crop and animal disease on our business; the impact of global and regional economic, agricultural, financial and commodities market, political, social and health conditions; changes in government policies and laws affecting our business, including agricultural and trade policies, including tariff policies, financial markets regulation and environmental, tax and biofuels regulation; the impact of seasonality; the impact of government policies and regulations; the outcome of pending regulatory and legal proceedings; our ability to complete, integrate and benefit from acquisitions, divestitures, joint ventures and strategic alliances, including without limitation, Bunge's recently completed business combination with Viterra Limited; the impact of industry conditions, including fluctuations in supply, demand and prices for agricultural commodities and other raw materials and products that we sell and use in our business, fluctuations in energy and freight costs and competitive developments in our industries; the effectiveness of our capital allocation plans, funding needs and financing sources; the effectiveness of our risk management strategies; operational risks, including industrial accidents, natural disasters, pandemics or epidemics, wars and cybersecurity incidents; changes in foreign exchange policy or rates; the impact of our dependence on third parties; our ability to attract and retain executive management and key personnel; and other factors affecting our business generally. The forward looking statements included in this release are made only as of the date of this release, and except as otherwise required by federal securities law, we do not have any obligation to publicly update or revise any forward looking statements to reflect subsequent events or circumstances. View source version on Contacts Media Contact:Bunge News BureauBunge636-292-3022news@ Investor Contact:Mark
Business Wire
31-07-2025
- Business
- Business Wire
Bunge Global SA Announces Pricing of $1.3 Billion Senior Notes Offering
ST. LOUIS--(BUSINESS WIRE)--Bunge Global SA (NYSE: BG) (the 'Company' or 'Bunge') today announced that Bunge Limited Finance Corp., its wholly owned finance subsidiary, has successfully priced a public offering of $1.3 billion aggregate principal amount, comprised of two tranches of senior unsecured notes (collectively, the 'Senior Notes'), as follows: $650 million aggregate principal amount of 4.550% Senior Notes due 2030 (the '2030 Notes'); and $650 million aggregate principal amount of 5.150% Senior Notes due 2035 (the '2035 Notes'). The Senior Notes will be fully and unconditionally guaranteed by Bunge Global SA on a senior unsecured basis. The offering was made pursuant to a registration statement filed with the U.S. Securities and Exchange Commission. The offering is expected to close on August 4, 2025, subject to the satisfaction of customary closing conditions. Bunge intends to use the net proceeds from the offering of the Senior Notes for general corporate purposes. General corporate purposes may include the repayment and refinancing of debt, including certain short-term indebtedness, working capital, capital expenditures, stock repurchases and investments in subsidiaries. Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Mizuho Securities USA LLC, ING Financial Markets LLC, SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering of the 2030 Notes. Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Mizuho Securities USA LLC, BBVA Securities Inc., BMO Capital Markets Corp. and SMBC Nikko Securities America, Inc. are acting as joint book-running managers for the offering of the 2035 Notes. Academy Securities, Inc., ANZ Securities, Inc., BofA Securities, Inc., BNP Paribas Securities Corp., Commonwealth Bank of Australia, Credit Agricole Securities (USA) Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Natixis Securities Americas LLC, Oversea-Chinese Banking Corporation Limited, Rabo Securities USA, Inc., Scotia Capital (USA) Inc., Standard Chartered Bank and U.S. Bancorp Investments, Inc. are acting as senior co-managers for the offering of the Senior Notes. Cabrera Capital Markets LLC, CIBC World Markets Corp., Commerz Markets LLC, DZ Financial Markets LLC, Goldman Sachs & Co. LLC, ICBC Standard Bank Plc, Loop Capital Markets LLC, PNC Capital Markets LLC, RBC Capital Markets, LLC, Santander US Capital Markets LLC, SEB Securities, Inc., SG Americas Securities, LLC, Siebert Williams Shank & Co., LLC and Westpac Capital Markets LLC are acting as co-managers for the offering of the Senior Notes. This offering of Senior Notes may be made only by means of the prospectus supplement and the accompanying prospectus related to the offering. Copies of the prospectus supplement and the accompanying prospectus relating to the offering can be obtained by contacting Citigroup Global Markets Inc. by phone at 1-800-831-9146 or by email at prospectus@ Deutsche Bank Securities Inc. by phone at 1-800-503-4611 or by email at or Mizuho Securities USA LLC at 1-866-271-7403. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, these Senior Notes in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About Bunge At Bunge (NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world. As a premier agribusiness solutions provider, our team of ~37,000 dedicated employees partner with farmers across the globe to move agricultural commodities from where they're grown to where they're needed—in faster, smarter, and more efficient ways. We are a world leader in grain origination, storage, distribution, oilseed processing and refining, offering a broad portfolio of plant-based oils, fats, and proteins. We work alongside our customers at both ends of the value chain to deliver quality products and develop tailored, innovative solutions that address evolving consumer needs. With 200+ years of experience and presence in over 50 countries, we are committed to strengthening global food security, advancing sustainability, and helping communities prosper where we operate. Bunge has its registered office in Geneva, Switzerland and its corporate headquarters in St. Louis, Missouri. Cautionary Statement Concerning Forward Looking Statements The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward looking statements to encourage companies to provide prospective information to investors. This press release includes forward looking statements that reflect our current expectations about the size, timing and terms of the proposed offering. Forward looking statements include all statements that are not historical in nature. We have tried to identify these forward looking statements by using words including "may," "will," "should," "could," "expect," "anticipate," "believe," "plan," "intend," "estimate," "continue" and similar expressions. These forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. The following factors, among others, could cause actual results to differ from these forward-looking statements: our ability to complete the proposed offering on the expected timing and terms, or at all; the impact on our employees, operations, and facilities from the war in Ukraine and the resulting economic and other sanctions imposed on Russia, including the impact on us resulting from the continuation and/or escalation of the war and sanctions against Russia; the effect of weather conditions and the impact of crop and animal disease on our business; the impact of global and regional economic, agricultural, financial and commodities market, political, social and health conditions; changes in government policies and laws affecting our business, including agricultural and trade policies, including tariff policies, financial markets regulation and environmental, tax and biofuels regulation; the impact of seasonality; the impact of government policies and regulations; the outcome of pending regulatory and legal proceedings; our ability to complete, integrate and benefit from acquisitions, divestitures, joint ventures and strategic alliances, including without limitation, Bunge's recently completed business combination with Viterra Limited; the impact of industry conditions, including fluctuations in supply, demand and prices for agricultural commodities and other raw materials and products that we sell and use in our business, fluctuations in energy and freight costs and competitive developments in our industries; the effectiveness of our capital allocation plans, funding needs and financing sources; the effectiveness of our risk management strategies; operational risks, including industrial accidents, natural disasters, pandemics or epidemics, wars and cybersecurity incidents; changes in foreign exchange policy or rates; the impact of our dependence on third parties; our ability to attract and retain executive management and key personnel; and other factors affecting our business generally. The forward looking statements included in this release are made only as of the date of this release, and except as otherwise required by federal securities law, we do not have any obligation to publicly update or revise any forward looking statements to reflect subsequent events or circumstances.
