Bunge, one of the biggest agricultural trading companies is awaiting the next U.S. corn and soy harvests after its quarterly earnings were cut in half because of tight crop supplies after last year’s global harvests were highly damaged by drought and poor weather. The company reported net earnings for the second quarter ending June 30 of $110 million as compared to $265 million for the same quarter a year ago. The company is reducing its capital expenditures by $200 million and is prioritizing projects that will most immediately improve efficiency and competitiveness.
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