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Bunge Beats Profit Estimates on Strong Processing Margins, Viterra Boost

Grain trader Bunge beat Wall Street estimates for third-quarter adjusted profit on Wednesday, boosted by the closing of its acquisition of Viterra and by a recovery in processing margins and higher volumes of crop sales.

The world's largest oilseed processor's quarterly performance was also helped by a drop in soybean prices.

"In our first full quarter since closing the Viterra transaction, our combined team delivered strong results in a complex market and regulatory environment," CEO Greg Heckman said.

Bunge completed its merger with Glencore-backed Viterra in July

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