Top 5 Agriculture Stocks To Buy Now

2. Bunge Ltd (NYSE:BG)

Then there is Bunge Ltd (NYSE:BG), a diversified agribusiness that is involved in acquisition, sale, storing, transportation and processing of grains and oilseeds that is used to produce protein for animal feed and edible oil products for commercial customers. It is also involved in production of ethanol and selling of fertilizers. Bunge Ltd (NYSE:BG) has been reporting mixed results for the past several quarters and its stock has been up by 7% since the beginning of the year and by nearly 88% since March 23. A month ago, Bunge said it would sell its refinery in Rotterdam to Neste Corporation for 285 million euro ($345.5 million) in cash. The deal is expected to close in the first quarter of 2021 and the facility will be then leased from Neste in phased transition that is expected to be completed by 2024.

In Bunge Ltd (NYSE:BG), there are also 41 funds holding long positions based on the latest round of 13F filings, although this number went up by four over the quarter. The largest shareholder of Bunge among the funds we track is Louis Bacon’s Moore Global Investments with a $133.32 million stake followed by Phill Gross and Robert Atchinson’s Adage Capital Management with a $132.46 million position. Israel Englander’s Millennium Management is on the third sport with a $90.76 million stake, after having raised it by more than 50% during the third quarter.