Companies with exposure to major grains like Archer Daniels Midland Company (ADM), Bunge Ltd. (BG), Corn Products International (CPO), Monsanto (MON) and DuPont (DD) were under pressure last week as corn and wheat prices fell and soybeans were for the most part about level.
Bunge was the only company that traded positive Friday.
Expectations are prices should rebound in the weeks ahead because of supply concerns coming from the impact of the weather on planting, which is behind schedule in a large number of cases.
Archer Daniels Midland Company (ADM) closed Friday at $32.20, dropping $0.10, or 0.31 percent. Bunge traded up to close at $73.00, gaining $0.53, or 0.73 percent. Monsanto closed at $63.79, falling $0.22, or 0.34 percent.
Monday, May 16, 2011
Monsanto (MON) (ADM) (BG) (CPO) (DD) Trade Mixed as Grain Prices Fall
Labels:
Archer Daniels Midland,
Bunge,
Corn Products,
Monsanto
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