Biden's Biofuel Push Risks Dethroning Corn as King of US Crops [Yahoo! Finance]
Bunge Limited Common Shares (BG)
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Source: Yahoo! Finance
But beyond that, a green diesel boom threatens to dethrone the king of all crops. Most Read from Bloomberg Trump's Net Worth Hits $6.5 Billion, Making Him One of World's 500 Richest People Biden Gains Ground Against Trump in Six Key States, Poll Shows Trump Vows to Pay Fraud Trial Bond Cut by 68% to $175 Million Japan Steps Closer to Intervention as Yen Hits Lowest Since 1990 Vital Baltimore Bridge Collapses After Being Struck by Ship 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. “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
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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