On August 10, Bunge rose 7.95% overnight, trading at $117.0 per share. The rally was driven by the company's strong second-quarter financial results and an upward revision to full-year earnings guidance.

Bunge reported Q2 adjusted EPS of $2.00, up 52.67% year-over-year, exceeding the analyst consensus estimate of $1.95-$1.97. Revenue reached $24.04 billion, surging 88.3% year-over-year and topping expectations by approximately $1.2 billion. The company simultaneously raised its full-year adjusted EPS guidance to $9.25-$9.75 from the prior range of $9.00-$9.50, placing the midpoint above the FactSet consensus of $9.42. Additionally, Morgan Stanley reiterated its preference for Bunge over peers, citing meaningful long-term upside from Viterra synergy realization. The CFO also signaled plans to deploy more capital into working capital during the second half, reflecting confidence in sustained market strength.

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