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Bunge Global: Can The $9.00 EPS Floor Hold If Biofuel Demand And Tropical Oils Both Disappoint?

Bunge Global reported first quarter 2026 results that surpassed expectations amid a complex and rapidly evolving global environment. The company highlighted the disruption caused by the Middle East conflict, affecting global trade flows, logistics, and supply chains. These geopolitical events have led Bunge to implement operational measures aimed at preserving commodity supply continuity and managing risks, leveraging its global footprint and logistics capabilities. Financially, reported first quarter earnings per share (EPS) was $0.35, down from $1.48 in the same period last year, primarily due to unfavorable mark-to-market timing effects and transaction-related costs associated with the acquisition of Viterra. On an adjusted basis, EPS rose slightly to $1.83 from $1.81 in prior-year’s quarter.