February 11, 2015
Crack spreads in oil are a great real-time indicator of profits for oil refining companies. In the agricultural sector, crush spreads offer the same clues for some companies. In my latest article for Seeking Alpha I take a look at Archer Daniels Midland and Bunge Limited and opine on whether crush spreads, ethanol processing spreads, inter-commodity spreads, volumes and inventories are telling us something about these companies that are reporting bumper profits.
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