MW These cooking oil stocks are surging, as Trump-China trade tensions heat up

By Tomi Kilgore

Trump considers ending business with China on cooking, and share of Bunge and Archer-Daniels-Midland climb toward two-month highs

Shares of Bunge and Archer-Daniels-Midland rallied, after President Trump said America didn't need to buy cooking oil from China, and can 'easily produce cooking oil ourselves.'

Shares of companies in the cooking oil business continued to climb in early Wednesday trading, after President Donald Trump started using oils as leverage in his growing trade spat with China.

The rallies started very late in Tuesday's session, after Trump took another shot at China President Xi Jinping ahead of an economic summit in Asia later this month. Trump wrote in a Truth Social post late Tuesday that he was considering "terminating business with China having to do with cooking oil" given China's refusal to buy American soybeans.

Trump wrote "we don't need to purchase it from China" because America could "easily produce cooking oil ourselves."

Read: Trump suggests 'massive increase' on tariffs on China. Here's what's behind the threat.

See also: Here's where Trump's tariffs stand as new levies start for furniture cabinets and lumber.

Missouri-based Bunge Global SA's stock $(BG)$ gained 5.9% in premarket trading toward a near two-month high, and was among the S&P 500 index's SPX top performers ahead of the open. On Tuesday, the stock was down 2.4% just before Trump's Truth Social post at 3:37 p.m. Eastern, but then it took off to close up 0.3%.

Bunge said in its 2024 annual report that of its principal operating facilities, 30.9% of total production capacity and 16.8% of its storage capacity was in North America.

And shares of Archer-Daniels-Midland Co. $(ADM)$ were up 2.8% in the premarket. Like Bunge's, the stock was down 2.1% late Tuesday, but rallied in the final minutes to close up 0.3%.

The company said that in 2024, 50.6% of daily capacities at its agricultural services and oilseeds processing facilities are in North America, while 77.8% of storage capacity is in North America.

Bunge and Archer-Daniels-Midland have not immediately responded to requests for comment.

Through Tuesday, Bunge's stock had tacked on 6% in 2025 and Archer-Daniels-Midland shares had hiked up 22.4%, while the S&P 500 had advanced 13%.

-Tomi Kilgore

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October 15, 2025 08:49 ET (12:49 GMT)

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