RPT-Top grains traders face tough choice: Partner, merge or wait for bad weather
May 24, 2017 at 07:00 AM EDT
CHICAGO, May 24 (Reuters) - Commodity trader Glencore Plc's confirmation on Tuesday that it sought a tie up with grains trader Bunge Ltd likely signals the start of a wave of consolidation and partnering in the industry, as middlemen struggle to make profits amid a massive global food glut.