Bunge’s crop mix is changing

Bunge has predominantly been a soybean processing company, but that is about to change following its merger with Viterra. The company recently unveiled its new approach to financial reporting, which breaks earnings and volumes down by segment. “We are pleased to announce our new segmentation and supplemental volume reporting, which we believe provides investors with a clear understanding of the key drivers of our combined company’s results and value chains,” Bunge chief executive officer Greg Heckman said in a press release. The combined entity now has four segments — soybean processing and refining, softseed processing and refining, other oilseeds processing and refining and grain merchandizing and milling. It will start using those segments in its financial reporting starting in the third quarter of 2025. In preparation for that, the company recast its financial highlights as a Bunge standalone pre-merger business using the new segments. Bunge’s soybean processing and refining ...