Biden's Biofuel Push Risks Dethroning Corn as King of US Crops [Financial Post (Toronto, Ontario, Canada)]
Bunge Limited Common Shares (BG)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — American farmers will plant more corn than soybeans in 2024 — as they have in most years for over a century. But beyond that, a green diesel boom threatens to dethrone the king of all crops. President Joe Biden's decarbonization plan and the huge subsidies it offers to green energy are boosting demand for soybean oil, key to renewable diesel production. That means the old adage that the US farmer likes to plant corn could become history, with soy taking the No. 1 spot in the future. Article content Article content “Most would see a future where that would be the case,” said Paul Maass, chief executive officer of Omaha, Nebraska-based crop handler Scoular Co. The biofuels push has already unleashed a race to build soybean processing plants, with companies including Cargill Inc. and Bunge Global SA planning to expand capacity. The US currently h
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News
- Soaring Imports of Green Diesel Feedstocks Disrupt US Soy Market [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Soaring Imports of Green Diesel Feedstocks Disrupt US Soy Market [BNN Bloomberg (Canada)]BNN Bloomberg
- Bunge Global SA (NYSE: BG) had its price target raised by analysts at Citigroup Inc. from $117.00 to $122.00. They now have a "buy" rating on the stock.MarketBeat
- Bunge Global SA's (NYSE:BG) Stock's On An Uptrend: Are Strong Financials Guiding The Market? [Yahoo! Finance]Yahoo! Finance
- Bunge Profit Tops Estimates as Crop Trader Weathers Downturn [Financial Post (Toronto, Ontario, Canada)]Financial Post
BG
Earnings
- 4/24/24 - Beat
BG
Sec Filings
- 4/24/24 - Form 10-Q
- 4/24/24 - Form 8-K
- 4/16/24 - Form 8-K
- BG's page on the SEC website