Several large traders are also feeling a change in the air. Groups like Bunge, Cargill, and ADM are all reporting pressure when it comes to profits.
Earnings for Bunge missed analyst expectations by 10 percent recently, posting the lowest earnings since the start of the pandemic. ADM’s Ag Services and Oilseed Division saw a 56 percent drop last quarter, a loss blamed on issues with supply and demand and lower farmer selling.
Analysts place the losses on global bumper harvests, a turn in the markets, and slowing demand for farm equipment.
