NEW YORK, March 7, 2017 /PRNewswire/ --
Farm Products companies engage in the manufacture, marketing, and distribution of goods and supplies required by consumers and other segments of the Agriculture industry. These products include fertilizers, sod, grains, and fruit and vegetable transplants. Pre-market, Stock-Callers.com shifts focus on these four stocks: Archer-Daniels-Midland Co. (NYSE: ADM), Bunge Ltd (NYSE: BG), Adecoagro S.A. (NYSE: AGRO), and Pingtan Marine Enterprise Ltd (NASDAQ: PME). Learn more about these stocks by accessing their free research reports at:
Chicago, Illinois headquartered Archer-Daniels-Midland Co.'s shares saw a slight drop of 0.97%, finishing Monday's trading session at $44.76. A total volume of 2.47 million shares was traded. In the last month and the previous three months, the stock has advanced 2.49% and 1.75%, respectively. The Company's shares are trading above their 50-day and 200-day moving averages by 0.48% and 3.89%, respectively. Moreover, shares of Archer-Daniels-Midland, which procures, transports, stores, processes, and merchandises agricultural commodities and products, have a Relative Strength Index (RSI) of 48.51.
On February 21st, 2017, Golden Peanut and Tree Nuts, a subsidiary of Archer-Daniels-Midland announced that it is investing in the construction of a new warehouse and receiving area at its shelling facility in Headland, Alabama. The new facility, which will have the ability to store 20,000 tons of peanuts, will help improve efficiency for farmers by reducing unload times, and will enhance quality control in the Golden Peanut and Tree Nuts processing system. The project is targeted for completion in time for the 2017 harvest. The free research report on ADM is available at:
On Monday, shares in White Plains, New York headquartered Bunge Ltd recorded a trading volume of 1.37 million shares, which was above their three months average volume of 1.03 million shares. The stock ended the session 0.40% lower at $81.32. The Company's shares have gained 18.43% in the last one month, 16.89% over the previous three months, and 13.26% on an YTD basis. The stock is trading 13.24% above its 50-day moving average and 24.89% above its 200-day moving average. Furthermore, shares of Bunge, which together with its subsidiaries, operates as an agribusiness and food company worldwide, have an RSI of 74.97.
On February 22nd, 2017, Bahri Dry Bulk Company ("BDB"), a subsidiary of the Bahri Group, the national shipping arm of the Kingdom of Saudi Arabia, and Koninklijke Bunge B.V. ("Bunge"), a wholly-owned subsidiary of Bunge Limited (BG), announced that they have signed definitive agreements forming a joint venture ("JV") to establish a leading ocean freight supplier for dry bulk import and export flows in and out of the Middle East region. The JV, which will operate under the name Bunge Bahri Dry Bulk Ltd, will provide exclusive freight transportation services to regional and other international customers. BDB and Bunge will own 60%/40% of the JV respectively, and it will be registered and based in Dubai. Financial terms of the agreements were not disclosed. Complimentary research report on BG can be downloaded at:
Shares in Luxembourg-based Adecoagro S.A. closed at $11.62, down 2.92% from the last trading session. The stock recorded a trading volume of 681,355 shares, which was above its three months average volume of 517,790 shares. The Company's shares have gained 8.19% in the previous three months and 11.95% since the start of this year. The stock is trading 1.00% and 6.11% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Adecoagro, which engages in farming, energy production, and land transformation activities, have an RSI of 42.46. Visit us today and access our complete research report on AGRO at:
Pingtan Marine Enterprise
Fuzhou, the People's Republic of China-based Pingtan Marine Enterprise Ltd's stock ended 4.56% lower at $4.60. A total volume of 793,854 shares was traded, which was above their three months average volume of 451,660 shares. The Company's shares have surged 64.29% in the last one month, 212.93% over the previous three months, and 164.37% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 62.85% and 192.09%, respectively. Furthermore, shares of Pingtan Marine Enterprise, which engages in the ocean fishing business, have an RSI of 68.96.
On February 21st, 2017, Pingtan Marine Enterprise announced that it is reiterating its previously provided Q1 FY17 EPS guidance of a range of $0.08 to $0.10. Pingtan expects to release its financial results for Q4 2016 and year-ended December 31st, 2016, after the market closes on March 8th, 2017 and will conduct its quarterly conference call to discuss these results at 8:30 a.m. ET on March 09th, 2017. Get free access to your research report on PME at:
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