Bunge SA(US:BG) Yahoo Financeยท2025-11-05 18:30Core Insights - Bunge Global exceeded Wall Street's expectations for third-quarter adjusted profit, driven by the acquisition of Viterra and improved oilseed processing margins, resulting in a 4.7% increase in shares [1] Group 1: Financial Performance - Bunge's adjusted profit for the quarter ending September 30 was $2.27 per share, the lowest third-quarter result since 2019, but above analysts' average estimate of $2.09 per share [5] - The combined company's soy processing and refining segment profit increased by 67% compared to the same quarter last year, while softseed processing and refining profit more than doubled due to a surge in volumes [6] - Profit in Bunge's grain merchandising and milling division rose by 56%, driven by higher wheat milling and ocean freight earnings, which offset poor grain merchandising results [6] Group 2: Market Dynamics - Strong soybean exports from South America, particularly from Argentina and Brazil, positively impacted Bunge's soybean processing and refining segment, as China reduced imports from the U.S. due to trade tensions [2] - In contrast, rival grain trader Archer-Daniels-Midland lowered its 2025 outlook due to U.S. trade policy uncertainty, highlighting the challenges faced by agribusinesses amid ample global crop supplies and declining margins [3] Group 3: Future Outlook - Ongoing uncertainty regarding trade and biofuels policy is expected to negatively affect fourth-quarter earnings, as both farmers and customers are hesitant to make long-term deals, putting pressure on Bunge's margins [4] - Bunge reaffirmed its earnings guidance for 2025, projecting between $7.30 and $7.60 per share, while acknowledging headwinds from policy uncertainty but noting that conditions are "developing favorably" [5]