- 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.