Why Bunge (BG) Share Are Surging Today - Bunge Global (NYSE:BG)

Bunge Ltd BG is set to replace Signature Bank SBNY in the S&P 500 effective prior to the opening of trading on Wednesday, March 15.
The Federal Deposit Insurance Corporation (FDIC) has taken Signature Bank into FDIC Receivership, and therefore Signature Bank is no longer eligible for inclusion.
Also Read: What is the FDIC? And Why Is It Related To SVB, Signature Bank Collapses?
Corteva Inc CTVA, Bunge and Chevron U.S.A. Inc, a subsidiary of Chevron Corporation CVX, are collaborating to introduce proprietary winter canola hybrids that produce plant-based oil with a lower carbon profile.
The goal is to increase the availability of vegetable oil feedstocks primarily for the growing domestic renewable fuels market.
The companies plan to introduce the winter canola crop into the southern U.S. to create a new revenue prospect for farmers with a sustainable crop rotation.
Price Action: BG shares are trading higher by 9.42% at $100.00 in premarket on the last check Tuesday.
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