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What's in store for ADM, Bunge earnings?

Oct. 08, 2015 8:03 AM ETArcher-Daniels-Midland Company (ADM) StockADM, BGBy: Yoel Minkoff, SA News Editor
  • Cargill's strong results on Wednesday may suggest the recent disappointing earnings from rival agribusinesses Archer Daniels Midland (NYSE:ADM) and Bunge (NYSE:BG) could be more of a blip than a long-term concern, analysts say.
  • Privately held Cargill navigated sinking crop prices, volatile currencies and slowing growth to turn a net $512M profit in its fiscal first quarter vs. a $51M loss in the prior period.
  • Although both are down about 15% on the year, ADM shares hit a one-month high on Wednesday and Bunge shares rallied to a two-month peak.

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