Bunge raised its full-year adjusted profit forecast after beating Wall Street estimates for second-quarter earnings, helped by strong performances in its soybean and softseed processing businesses amid improving market conditions. The company now expects 2026 adjusted earnings of $9.25 to $9.75 per share, up from its previous forecast of $9.00 to $9.50. Net sales from soybean processing and refining were $12.07 billion, compared with $7.75 billion a year ago, while the softseed processing and refining segment reported quarterly net sales of $4.09 billion, up from $1.53 billion a year earlier. U.S. corn and soybean prices have climbed sharply since the start of the Iran war, prompting farmers to step up sales of grain they had held back from last year's harvest amid a prolonged period of weak prices, spurring sales across the Midwest to major grain handlers such as Archer-Daniels-Midland and Bunge.
Bunge Global SABunge raised full-year profit outlook after beating Q2 estimates, driven by strong soybean and softseed processing.
Archer-Daniels-Midland CompanyFarmers stepping up grain sales amid rising prices benefits grain handlers like ADM.