Bunge expects higher 2026 earnings after strong second quarter

Bunge raised its adjusted earnings forecast for 2026 after reporting second-quarter results that exceeded analysts’ expectations, Reuters reported.

Higher soybean and oilseed crushing margins, together with resilient demand for its products, supported profitability. The company also benefited from expanded processing capacity following its acquisition of grain trader Viterra in 2025.

During the second quarter, soybean oil prices surged as global crude oil prices climbed following supply disruptions caused by the Iran-Israel war. This improved margins for oilseed processing operations.

At the same time, results from Bunge’s grain trading and milling businesses were weaker than expected. The company also warned that its outlook for this segment in 2026 is less favorable than previously anticipated.

According to Bunge CEO Greg Heckman, global agricultural markets continue to be affected by wars, shifting trade flows, and volatile weather conditions. He said Russia’s war against Ukraine has reshaped Black Sea export routes, while fertilizer shortages caused by the Iran-Israel conflict could affect crop production in South America next season.

For the quarter, Bunge’s adjusted earnings per share rose to $2.00, up from $1.31 a year earlier and above analysts’ average estimate of $1.95.

The company raised its 2026 adjusted earnings guidance for the second consecutive quarter to $9.25–9.75 per share, compared with its previous forecast of $9.00–9.50 per share.

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