Just caught Bunge Global's Q4 numbers and there's some interesting stuff here. They beat on earnings with $1.99 per share versus the $1.83 consensus, but it's actually down 7% year-over-year because costs ate into the gains. The real story though is the Viterra acquisition closing last July - that deal is showing up in the numbers now. Sales jumped 75.5% to $23.76 billion, crushing the $22 billion estimate. What caught my attention is the soybean processing segment. They processed 11,460 thousand metric tons, up nearly 19% YoY, and the expanded capacity in Argentina is clearly paying off. The softseed business is where things got wild though - sales surged 151% with volumes up significantly across their new production footprint. That said, margins got squeezed. Operating profit tanked 66% while adjusted operating margin contracted 60 basis points to 2.6%. For 2026, they're guiding $7.50-$8.00 adjusted EPS, basically flat growth. The stock is up 67% over the year, so a lot of the Viterra synergy story might already be priced in. Interesting quarter but the margin pressure is worth watching.