Bunge Shares Beginning to Look Attractive; Higher Soy Crush Profits Ahead in Near Term
Bunge reported decent second-quarter results as adjusted segment operating income grew nearly 50% year on year to $117 million during the quarter. Profit growth was primarily driven by a higher soy crush spread that boosted oilseeds profits in the Agribusiness segment. This was partially offset by a loss in the grains business, which also operates within the Agribusiness segment. In its earnings release, management reiterated its 2018 guidance for $1.3 billion in adjusted segment operating incom...
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