The platform will offer healthy and gourmet ready-to-eat food products in the “affordable premium” categoryThe funding round was led by 3one4 Capital and also saw participation from Incubate Fund AsiaElixiir Foods has secured $9 Mn (about ₹75 Cr) in its seed funding round led by 3one4 Capital, with participation from Incubate Fund Asia.The ready-to-eat food and grocery platform will utilise the funds for its initial launch, build its tech and supply chain infrastructure, support a centralised wholesale back ...

Bunge Global (NYSE:BG) Q4 2025 Earnings call February 04, 2026 08:00 AM ET Company ParticipantsBen Theurer - Managing DirectorDerrick Whitfield - Managing DirectorGreg Heckman - CEOHeather Jones - FounderJohn Neppl - CFOManav Gupta - Executive DirectorMark Haden - Head of Investor RelationsMatthew Blair - Managing DirectorSteven Haynes - VP of Equity ResearchConference Call ParticipantsAndrew Strelzik - Senior AnalystPooran Sharma - Managing Director and Equity Research AnalystSalvatore Tiano - Equity Resea ...

Core Viewpoint - The article emphasizes the rising momentum in soft commodities, such as grains, livestock, and dairy, which is gaining attention alongside the more widely discussed hard commodities like gold and silver [1]. Group 1: Soft Commodities - Agricultural inputs, including grains, livestock, and dairy, are experiencing a significant upward trend [1]. - The focus on soft commodities is becoming increasingly relevant as they build their own momentum in the market [1].

Core Viewpoint - The article emphasizes the importance of investing in safe-haven assets and undervalued dividend-paying consumer staples stocks during periods of market volatility and geopolitical tension [1][2]. Group 1: Investment Strategy - Safe-haven assets like gold, silver, and U.S. Treasuries are recommended for hedging risks, although their effectiveness may vary [1]. - Consumer staples and utilities are considered safe investments due to their inelastic demand and established history of returning capital to shareholders [2]. Group 2: Selected Companies - **United Breweries Co. (CCU)**: - Benzinga Edge Value Score of 98.14, with a current dividend yield of 2.8% and a dividend payout ratio (DPR) of 58.9% [4]. - The stock trades at 16 times earnings and 0.85 times sales, showing positive price action [4]. - CCU shares have increased over 11% recently, with bullish indicators such as a Golden Cross and favorable MACD signals [7]. - **NuSkin Enterprises Inc. (NUS)**: - Benzinga Edge Value Score of 86.96, with a market cap of $540 million and a dividend yield of 2.08% [8]. - The company reduced its dividend payout from $0.39 to $0.06, but the current payout allows for future increases [8]. - NUS shares have risen 15% at the start of the year, indicating bullish momentum [11]. - **Cresud SACIF y A (CRESY)**: - Benzinga Edge Value Score of 93.82, with a dividend yield of over 5% and a DPR of 23.4% [12]. - The company operates in agriculture and real estate, providing diversification during geopolitical tensions [12]. - CRESY shares have formed a Golden Cross, with the 50-day SMA acting as support [15]. - **Weis Markets Inc. (WMK)**: - Benzinga Edge Value Score of 89.87, with a market cap of $1.68 billion and a dividend yield of 2% [16]. - The DPR is 35.79%, allowing potential for future dividend increases [16]. - WMK shares have shown bullish signals, with a breakout above the 50-day SMA and an RSI indicating upward momentum [18]. - **Calavo Growers Inc. (CVGW)**: - Benzinga Edge Value Score of 80.91, with a dividend yield of 3.09% and a DPR of 72% [19]. - The company operates in the fresh produce sector, which is less affected by tariffs [19]. - CVGW shares have surged nearly 20% recently, breaking above key moving averages [21].

Core Viewpoint - Commodities are positioned strongly entering 2026, with gold and copper identified as the most compelling opportunities due to structural demand drivers, constrained supply, and improving mining margins [1] Gold Market - Supportive macro conditions for gold include a softer US dollar, elevated geopolitical risks, expectations of lower real rates, and ongoing central bank purchases, which create a solid foundation for price strength and profitability in gold equities [2] - The fundamentals supporting gold's rally remain intact, with expectations of falling real rates and continued diversification of central bank reserves, leading to a more favorable outlook for gold miners with expanded margins and strong cash generation [3] Copper Market - Copper is highlighted as the tightest major base metal, with supply disruptions, low inventories, and rising demand for data centers and power grids contributing to price increases [4][5] - The balance between supply and demand favors producers, although long-term capacity additions may temper upside potential beyond the near future [5] Energy Market - The oil market is expected to find a bottom in the first half of 2026, with recovery anticipated later in the year as OPEC and US shale operations approach capacity [6][7] - Geopolitical developments, particularly in Venezuela, introduce uncertainty, but select energy equities may benefit as market conditions improve [7] Agricultural Market - The firm is optimistic about select agricultural equities due to a tightening grain market, with lower prices discouraging planting in some regions while demand from biofuels and livestock feed remains resilient [8] Investment Strategy - The firm emphasizes a positive momentum in commodities, particularly in gold and copper, while also identifying future opportunities in energy and agriculture [9] - An active and highly selective investment approach is deemed essential in the current environment, as the range of outcomes at the company level can vary widely despite positive headline stories [10][11]

Core Insights - The Andersons announced a growth plan targeting a 36% compound annual growth rate (CAGR) in earnings per share (EPS) from $2.56 to $7.00 by 2028 [1] Company Performance - The company has experienced a year-over-year decline in EPS for four consecutive fiscal quarters, including a -26.25% drop in Q3 2025 [7] - The upcoming Q4 earnings report on February 17, 2026, will be crucial in determining if the company is on the right path towards its growth objectives [7] Insider Trading Activity - William E. Krueger, the President and CEO, gifted away 38,200 shares, while Director John T. Stout Jr. executed multiple sales, including a direct open-market sale of 12,500 shares on December 10, 2025, totaling approximately $647,088 [2][5] - Stout's total holdings after his recent transactions amount to 25,940.57 shares, valued at $1.45 million [3] Company Operations - The Andersons Inc. specializes in planting, storing, manufacturing, and merchandising various agricultural products, including grains, ethanol, and plant nutrients [4] - The company is investing $60 million in an ethanol plant to boost capacity by 30 million gallons and is expanding food export terminals to support its growth strategy [6]

Group 1 - The core viewpoint of the articles indicates that the overall food prices in Xiamen are stable, with a slight decrease of 0.56% month-on-month in December [1] - The average price of grains remained stable at 2.77 yuan per 500 grams, while edible oil prices saw a slight increase of 0.30% to an average of 74.74 yuan for 5 liters [1] - Vegetable prices experienced a significant drop, averaging 4.65 yuan, which is a decrease of 6.44% compared to November [1] - Pork prices continued to decline, with an average price of 16.14 yuan, down 1.71% from the previous month [1] - Other food categories showed minor price fluctuations, with fruits averaging 5.55 yuan (up 1.83%), poultry at 14.72 yuan (up 0.48%), beef and lamb at 39.86 yuan (down 0.23%), seafood at 21.13 yuan (up 1.68%), eggs at 5.16 yuan (up 0.39%), and dairy products at 2.80 yuan (down 1.41%) [1] Group 2 - The market analysis predicts that food prices in Xiamen will remain stable with a slight increase in January 2026, influenced by the New Year and cold weather [2] - Grain and oil prices are expected to remain stable, while prices for vegetables, pork, seafood, beef and lamb, fruits, and poultry may experience fluctuations but will generally trend upwards [2]

Market Trends - Grains and soybeans prices are stabilizing in anticipation of a crucial US report [1] - The US report will provide a snapshot of the global supply outlook for grains and soybeans [1] Data Delay - The release of the key data has been delayed since September due to the government shutdown [1]

Summary of J.P. Morgan Commodity Market Positioning & Flows Industry Overview - The report focuses on the global commodity market, specifically analyzing open interest values and investor positioning across various sectors including energy, precious metals, base metals, and agricultural commodities [3][7][10]. Key Points and Arguments Global Commodity Market Trends - The estimated value of global commodity market open interest declined by **1.0% week-over-week (WOW)**, decreasing by **$14 billion** to **$1.47 trillion**, falling below the 10-year seasonal high [3][7]. - The net investor position across global commodity futures markets decreased by **3.3% WOW**, amounting to **$124 billion** as of August 12 [3][14]. Sector-Specific Insights - **Energy Markets**: - Open interest value in energy markets decreased by **$6 billion WOW**, marking the third consecutive weekly decline, primarily due to price weakness amid ongoing geopolitical tensions [3][20]. - Global oil demand growth is tracking at **0.92 million barrels per day (mbd)**, slightly below the estimated **0.94 mbd** for the year-to-date [3]. - **Precious Metals**: - Open interest in precious metals markets fell by **5.9% WOW** to **$245 billion**, driven by significant outflows from gold markets totaling **$9.7 billion** [3][25]. - The People's Bank of China (PBoC) continued its gold buying streak, adding **2 tonnes** to its reserves in July, with year-to-date purchases reaching **21 tonnes** [4]. - **Base Metals**: - Open interest in base metals increased by **2.3% WOW** to **$175 billion**, with net inflows concentrated in copper and nickel [6][24]. - **Agricultural Commodities**: - Open interest value in agricultural markets rose by **1.4% WOW** to **$330 billion**, driven by rising prices in grains and oilseeds [6][27]. - The USDA reported record high US corn and soybean yields, with corn at **188.8 bushels per acre** and soybeans at **53.3 bushels per acre** [6]. Price Momentum and Market Signals - Price momentum across commodities was mixed, with declines in most metals and energy markets, while agricultural commodities showed increased momentum [6][47]. - Positive price momentum signals were observed for **CBOT Soybeans** and **ICE Coffee**, while short-term sell signals emerged for **ICE EUA's**, **COMEX Gold**, and **LME Lead** [6][47]. Investor Positioning - Managed Money net length in COMEX Gold futures decreased by **5.7k contracts** to approximately **148k contracts net long**, indicating a cautious investor sentiment [3][15]. - The net long position of Investment Funds in European Union Allowances (EUA's) increased by **39% WOW** to **28,856 lots** as of August 8 [6][23]. Additional Important Insights - The report highlights the importance of monitoring Federal Reserve Chair Powell's comments at Jackson Hole, particularly regarding gold markets, as sticky inflation suggests limited easing from the Fed [3]. - The report also cautions about potential short covering risks across grain, cotton, and sugar markets due to weak investor positioning [6]. This comprehensive analysis provides a detailed overview of the current state of the global commodity market, highlighting key trends, sector-specific insights, and investor behaviors that could influence future market movements.

Forward-Looking Statements • Today's presentation includes forward-looking statements that reflect Bunge's current views with respect to future events, financial performance and industry conditions. Q2 2025 Earnings Results Review July 30, 2025 2 2 • These forward-looking statements are subject to various risks and uncertainties. Bunge has provided additional information in its reports on file with the Securities and Exchange Commission concerning factors that could cause actual results to differ materially ...