Bunge Reports Strong Q2 Earnings, Raises Full-Year Profit Outlook
Bunge Ltd reported second-quarter earnings that exceeded Wall Street estimates due to strong performance in its soybean and softseed processing businesses. Improved market conditions have driven higher sales volumes as U.S. corn and soybean prices surged following the Iran war, encouraging farmers to sell stored grain. The company's net sales from soybean processing rose significantly year-over-year to $12.07 billion, while its softseed segment reported quarterly net sales of $4.09 billion. Bunge has raised its full-year adjusted earnings forecast for 2026 to a range of $9.25 to $9.75 per share from the previous estimate of $9.00 to $9.50. The increase reflects stronger-than-expected results and improved market dynamics, including rising crude oil prices that have boosted demand for biofuels made from crops like corn.
Topics: agriculture commodities processing_margins