Bunge May Benefit From China Growth, Better Weather
Agriculture giant Bunge's (BG) shares have been rising on apparent optimism that sales with China will increase and that U.S. farming will rebound from a drought that devastated crops in 2012. Shares of the producer of grain, oilseed and fertilizer are well above their 50-day moving average and hit a 52-week high last Friday, closing at 79.86. The rising stock price is seen as an indication hopes are rising that the worst is over for agriculture
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