Grain trader Bunge lowers full-year profit forecast after closing Viterra deal

U.S. grain trader and processor Bunge BG on Wednesday lowered its 2025 earnings forecast following its merger with Viterra, and said it is overhauling segment and volume reporting to align with its integrated operations. Shares of the company, however, rose 4.7% in premarket trading. UBS analyst Manav Gupta said that investors had feared a worse outlook. “Dilution is coming in much better than expected. This lifts the overhang on the stock and we expect a big relief rally in this name,” Gupta said in a note. In July, Bunge completed its merger with Glencore-backed GLEN Viterra, two years after announcing the $34 billion mega-deal. The merger with the Netherlands-based Viterra creates a global crop trading and processing giant that is poised to rival agribusiness giants Archer-Daniels-Midland ADM and Cargill. “We believe based on updated provided today, that Viterra might not cause any dilution in 2026, setting up for a potentially big beat and raise for 2026,” Gupta added. ...