- Bunge (BG +0.6%) CEO Soren Schroder says in an earnings call that the company could generate record profits in its grain trading and processing division in 2014, thanks to large crops in South and North America.
- New plants and transport facilities starting operations in Brazil and Canada will help BG process and ship large quantities of agricultural products coming to market this year, and the company could purchase more facilities in Canada and Australia to expand its global network.
- BG swung to a profit in Q4 despite lower revenue of $61.35B, as larger profits from agribusiness - which accounts for ~75% of its net revenue - and ingredient sales offset a loss in its long-struggling Brazilian sugar-milling business.