Press Release

Geneva, July 22nd 2021
Covantis platform is now used for corn execution

As the new season starts, corn is the new commodity to be executed in Covantis platform.

Based on ANEC export data, companies that already joined Covantis represent 82% of the last season corn volumes, shipped and chartered out of Brazil. A wide market coverage enables platform users to efficiently perform their post trade execution processes in Covantis.  

In the last few months the platform has seen an increase of soybeans contracts execution, capturing 70% of the volume chartered out of Brazil in the month of June. With the soybeans season coming to an end, many users will now shift their focus to the corn shipments to come.

We are excited to support our clients in the execution of corn vessels and to expand our network further, while continuing to grow the value we offer to our customers.

Media contact

Covantis SA

Sorin Albeanu

info@covantis.io

About Covantis

Covantis is a technology company focused on digitizing international trade. We’re committed to making global trade simple, secure, and efficient, and we aim to bring efficiencies and cost savings to companies throughout the international supply chain.

Learn more about the initiative

Note on Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of U.S. federal securities laws, including statements regarding the anticipated development, success and benefits of the proposed digital platform. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will" and "expect" and similar statements. Forward-looking statements are not historical facts and involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward-looking statement, including in this case the risk that the platform may not be successful or fully achieve the objectives of the participants. Further information regarding risks associated with forward-looking statements is included in Bunge SA's and Archer Daniels Midland Company's filings with the U.S. Securities and Exchange Commission. All statements herein are made as of the date of this press release, and the participants undertake no obligation to publicly update or revise any forward-looking statement, whether because of new information, future events or otherwise, except as required under applicable law.

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