Global grain trader Viterra is in talks to merge with U.S. rival Bunge Ltd.
The structure of the deal is still yet to be finalized and is being discussed by both parties.
Global commodities merchants have built up cash reserves after turning in hefty profits over the past year, as Russia’s invasion of Ukraine disrupted shipments and crop prices soaring.
Traders like Bunge and Viterra make money buying, selling, storing and processing crops, often capitalizing on supply disruptions caused by crises like drought or war.
A merger with Bunge would put Viterra among the top tier of global grains merchants, which include giants like Cargill and ADM, with access to export terminals in the U.S., one of the largest grain producers and suppliers.