Bunge Global: Q2 Earnings Snapshot
The agribusiness company lifted its forecast to $9.25 to $9.75 per share after soybean and softseed processing sales surged.
- On Wednesday, Bunge Global raised its 2026 adjusted profit forecast to $9.25 to $9.75 per share after reporting second-quarter net income of $678 million, beating Wall Street expectations.
- U.S. corn and soybean prices climbed sharply since the Iran war began, prompting farmers to sell grain held back from last year's weak harvest and driving strong segment performance.
- Soybean processing net sales reached $12.07 billion versus $7.75 billion a year ago, while softseed processing hit $4.09 billion compared with $1.53 billion, each more than doubling year-ago levels.
- Farmers moved stored corn, soybeans and wheat to major grain handlers including Archer-Daniels-Midland and Bunge across the Midwest, capitalizing on the price recovery.
- Bunge Global shares have climbed 53% in the last 12 months, with the updated 2026 guidance representing an increase from the company's previous forecast of $9.00 to $9.50 per share.
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Bunge beats second-quarter profit estimates on strong processing margins
July 29 (Reuters) - Bunge raised its full-year adjusted profit forecast on Wednesday after beating Wall Street estimates for second-quarter earnings, helped by strong performances in its soybean and softseed processing businesses amid improving marke...
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