Global agribusiness company Bunge Global announced on Wednesday that it has officially closed the long-awaited merger with Viterra, a company supported by Glencore, two years after announcing the mega-deal worth $34 billion. The merger creates a global giant in agricultural trade and processing, ready to compete with agribusiness giants Archer-Daniels-Midland and Cargill at a time when falling grain prices, low agricultural processing margins, and geopolitical tensions have undermined the sector's profitability. Bunge's shares closed Wednesday with a 1.4% increase. The deal marks a radical turn of events for the Missouri-based company. Just seven years ago, the two-hundred-year-old company went through an especially weak financial performance period that made it vulnerable to takeover attempts by competitors Glencore and ADM. Investor pressure forced Bunge CEO Søren Schröder to resign at the end of 2018, before Greg Heckman was appointed to the company's leadership position in ...