Bunge surges to lead S&P 500 after better-than-expected earnings revision lifts overhang

[Grain auger of combine pouring soy bean into tractor trailer]
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Bunge (NYSE:BG [https://seekingalpha.com/symbol/BG]) rocketed to the top of Wednesday's S&P 500 leaderboard, closing +12.9%, following the company's announcement of a revised full-year earnings outlook [https://seekingalpha.com/news/4504181-bunge-updates-segment-reporting-and-2025-outlook-post-viterra-merger] and updated reporting structure in the wake of its Viterra merger.

Bunge (NYSE:BG [https://seekingalpha.com/symbol/BG]) said it now expects FY 2025 EPS coming in at $7.30-$7.60, slightly below prior guidance of ~$7.75 and in line with the $7.47 analyst consensus estimate compiled by LSEG, reflecting the integration of Viterra's operations and ongoing macroeconomic headwinds, but investors reacted positively to the minimal dilution from the merger.

UBS analyst Manav Gupta said investors had feared a worse outlook, with dilution coming in "much better than expected... We believe based on [the] update provided today that Viterra might not cause any dilution in 2026, setting up for a potentially big beat and raise for 2026."

Bunge (BG [https://seekingalpha.com/symbol/BG]) shares have struggled since the Viterra acquisition was announced in June 2023, falling 14% vs. a 54% gain in the S&P 500 over the same period, but analysts said Wednesday's rally reflects renewed confidence in the company's ability to integrate Viterra efficiently while maintaining strong cash flow and operational discipline.

Competitor Archer Daniels Midland (ADM [https://seekingalpha.com/symbol/ADM]) closed Wednesday's trading +2.4%.

The update also followed President Trump's Truth Social post late Tuesday that threatened to ban exports from China of used cooking oil in response to China's refusal to buy U.S. soybeans.

The reaction from grain traders was muted on the CBOT, with corn (C_1:COM [https://seekingalpha.com/symbol/C_1:COM]) for December delivery closing +1% to $4.17 1/4 per bushel, soybeans (S_1:COM [https://seekingalpha.com/symbol/S_1:COM]) for November delivery +0.1% to $10.07 per bushel, and wheat (W_1:COM [https://seekingalpha.com/symbol/W_1:COM]) for December delivery -0.3% to $4.98 3/4 per bushel.

ETFs: (CORN [https://seekingalpha.com/symbol/CORN]), (SOYB [https://seekingalpha.com/symbol/SOYB]), (WEAT [https://seekingalpha.com/symbol/WEAT]), (DBA [https://seekingalpha.com/symbol/DBA]), (MOO [https://seekingalpha.com/symbol/MOO])

MORE ON BUNGE

* Bunge Global Discusses New Segmentation Structure and Integration Progress Following Viterra Combination Transcript [https://seekingalpha.com/article/4830113-bunge-global-sa-bg-discusses-new-segmentation-structure-and-integration-progress-following]
* The Case For A Recovery In Bunge's Stock [https://seekingalpha.com/article/4820502-case-for-recovery-in-bunge-stock]
* Bunge Global: Discounted Today, Agribusiness Powerhouse Tomorrow [https://seekingalpha.com/article/4812097-bunge-global-discounted-today-agribusiness-powerhouse-tomorrow]