The grain markets had a spectacular week last week, for the bulls. Despite the ongoing and escalating trade dispute between the US and China that has been weighing on agricultural commodity prices and a reasonably benign World Agricultural Supply and Demand Estimates report from the US Department of Agriculture, prices of soybeans, corn, and wheat futures soared. At the same time, the price of sugar has been creeping higher.
Bunge Ltd. (BG) is a diversified agribusiness and food company that has its tentacles all over the world. The company is a significant producer