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Strategies & Market Trends : Value Investing

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To: Grommit who wrote (42424)	4/28/2011 9:29:56 AM
From: E_K_S	Read Replies (1) of 78519

Re: Bunge Limited (BG) 6:36AM Bunge beats by $0.18, reports revs in-line (BG) 74.34 : Reports Q1 (Mar) earnings of $1.49 per share, $0.18 better than the Thomson Reuters consensus of $1.31; revenues rose 17.9% year/year to $12.19 bln vs the $12.1 bln consensus. Outlouok: "In agribusiness, the favorable environment for our grain merchandising business should continue. Global demand is good and farmers around the world are responding to high agricultural commodity prices by increasing crop production. Oilseed processing margins in South America should benefit from higher utilization now that harvest is underway. Margins in Europe should improve later in the year when stocks are replenished during harvest. However, margins in the U.S. are likely to remain under pressure due to excess capacity. In sugar & bioenergy, tight global sugar supplies and strong demand for ethanol in Brazil should continue to be supportive of prices. Food & ingredients should continue to perform well. However, pricing pressures in edible oils will likely persist in certain markets, and wheat milling margins will likely decrease as low-cost raw material inventories are replaced at market prices. "In fertilizer, strong farm economics should result in increased plantings and demand for fertilizer. Results in our fertilizer and sugar & bioenergy segments will be weighted to the second half of the year due to the seasonality of the businesses." UPDATE 2-Bunge Q1 profit tops estimates on strong demand reuters.com ---------------------------------------------------------------------------- Stock up almost 4% on their good earnings and positive outlook. EKS

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