With Bunge Q1 loss, a trio of woe for global grain traders
date:May 05, 2014
ss the trading industry.

Chicago wheat prices plunged to a 3-1/2 year low in January on abundant global stocks before surging some 30 percent over two months as frigid weather threatened the U.S. crop and as tensions in Ukraine escalated.

On a per-share basis, Bunge lost 18 cents, missing analysts' expectations of a $1.40-per-share profit on average. It had earned a profit of $170 million a year earlier.

Profit in its agribusiness unit, including trading and distribution, plummeted to $79 mil
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