Bunge Global has increased its annual earnings outlook, now projecting adjusted earnings per share between $9.25 and $9.75, up from its previous forecast of $9 to $9.50. This adjustment follows robust performance in its soybean and softseed segments, which significantly boosted second-quarter sales by nearly 90% and drove a substantial profit increase.

The agriculture company reported a profit of $678 million, or $3.47 per share, a considerable rise from $354 million, or $2.61 per share, in the prior year. Excluding one-time items, adjusted per-share earnings reached $2, surpassing the $1.97 anticipated by analysts. Revenue saw a dramatic jump of 88%, reaching $24.04 billion, exceeding the forecasted $22.81 billion.