Bunge’s second-quarter profit exceeded expectations
Global grain trader and processor Bunge on Wednesday reported a smaller-than-expected decline in second-quarter profit after soybean processing margins widened at the end of the quarter.
The company benefited from lower soybean prices and higher soybean oil prices amid favorable biofuel decisions in the United States and Brazil.
Better performance in Bunge’s grain and oil trading business also partially offset the negative impact of global trade volatility caused by U.S. President Donald Trump’s tariff threats.
Bunge shares rose 2.85% to $78.56 in early trading.
“We successfully navigated an extremely challenging period both internally and externally and delivered better-than-expected results for the quarter, particularly given the market conditions,” said CEO Greg Heckman.
The improved earnings report came as the company received final regulatory approvals for its long-awaited acquisition of grain trader Viterra, a deal that officially closed at the start of the third quarter on July 2. The company also completed the sale of its U.S. corn processing business. Bunge kept its 2025 earnings forecast at $7.75 per share, the lowest in six years, but said it would update it to take into account the Viterra merger before reporting third-quarter results.
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