Pooran Sharma

was there any 45Z incorporated to ethanol earnings? And then when we think about modeling this

Can you talk about what is driving margin strength here? I think it's export demand

We've been hearing concerns related to GLP one adoption, and that's been leading a lot of cons customers to move to spot rather than forward buying. But we've also been hearing just maybe tariff pr...

I think we're approaching that time of the year where you get into contracting season. And just was wondering how we should think about the moving pieces

wanted to just talk about some of the moving pieces here for clarity in the biofuel policy. I think you have the SRE kind of comment period out of the way

I was wondering if maybe we could get a little bit more detail on the network optimization plan. I know you mentioned some detail in your prepared remarks

how have you heard of any signs of rationalization or signs of pause in adding this new capacity in the industry? Do you anticipate anything to come online or be delayed

I wanted to kind of get your take on 45Z guidance and then the State of the Union on the biofuels industry

does this change your view on that cadence of tightening that you had on the last call?

if you could help us frame up what drove the stronger-than-expected processing there.

what what are the opportunities that that you've kind of uncovered and and and what are some of the things that that you're working on

Does the combined grain business offer more stability in earnings versus the legacy Bunge grain business given just the amount of storage infrastructure you have now versus what you all had before?

as it stands right now, are you able to give us a sense of when you think the soybean oil side or the crush margin formula should start to see a notable improvement?

Have you heard anything? How soon do you think we can get an announcement? How have your conversations been regarding this matter?

just asking about the soy crush performance throughout the quarter in your regions. You provided a little bit of detail in the press release

Do you expect accelerated farmer selling out of South America in the coming months, out of Argentina in the coming months?

does this just leave you with wheat milling in your milling business, is it just wheat milling now?

looking at past history, last time around, Bunge Limited's South America business, at least the fundamentals were much better because it looks like flows shifted over

in 2024, did you see, was the impact kind of centered around the first half or the second half, or was it split evenly throughout the year?

would it be fair to assume kind of more of a three Q weighted split for the second half?

Could you maybe update us on how much you have hedged? I think last quarter, you said you were about 70% locked up for the year.

Just wondering if you could help us unpack the benefit from lower cheese cost and help us understand how much of your needs you have booked for the year.

I was wondering if you could provide us with an update on that initiative?

I think in the prepared comments, expecting 1Q to be up about mid-teens. And I think guidance calls for about 9% at the midpoint. So I was just wondering if you could help unpack that a little bit.

do you see any change in the landscape? Is it still kind of high inflation -- inflationary construction costs? Are you still facing that? Is it better to lean in on M&A.

should we expect sequential pressure in retail or should we see some pressure in food service

I wanted to maybe start off with understanding what percent of your profits are now commodity?

Does the sale of the whole-bird business because in your prepared comments, you mentioned breast in there as well. Does this change your procurement strategy at all at Jennie-O?

is it more of a gradual recovery where you're gonna see a sequential recovery quarter to quarter from February to 4Q?

I was just wondering if you're able to give us a sense of how much of that you know, you were planning to you had invested back into the business

based on kind of what you've been hearing, how do you think about supply prospects for the hog industry or, you know, looking out to the intermediate term?

are you beginning to see any sort of potential market share gains or margin benefits materialize just from that dynamic itself?

looking at margins here, they've kind of been at this level for the last 4 quarters or so. As you look out to the rest of the year, do you think margins for this business inflect upwards

how the shift in export customer mix impacted margins? I think you mentioned it was temporary. And I just wanted to see if that's resolved

Just wanted to get a sense of what led you to kind of reduce the commodity exposure, was there something that happened during the quarter

You said you made progress on all initiatives. Was just wondering if you could share any color in terms of the amount of progress

Can you talk about the key drivers of growth within Foodservice and if you could highlight any bright spots

beef packer margins are trending slightly worse right now than they were in April, and was just wondering if you guys are seeing the same thing

I was just wondering if as we look out into this business, do you expect to see a more evening pace throughout the year

Was just wondering if you could give us an updated view on chicken? And also, if you're able to -- would you be able to provide a view across the rest of the businesses

I was wondering if you could maybe share some of the reasons as to here and why? Is it like drought conditions better in those regions

I just wanted to get your thoughts on when you expect to kind of see a supply recovery

how should investors view kind of what a normalized operating margin should be? Do you think we've reached somewhat near peak

we had a pretty cold winter across many parts of the U.S. Just want to understand if you could help us qualitatively or if you could quantify any cold weather impacts

hog supplies have been coming a little bit lighter than expected. Wanted to get a sense if you think the industry is continuing to rationalize production or supplies or if this is just temporary di...

do you think you could see some material improvement in pork margins, particularly in the back half of the year when you do see higher hog supplies

I think on the last call, you mentioned there was about $500 million to $700 million of self-help opportunity

Does the lower end of your operating income range factor in potential heifer retention

If maybe you could just remind us of all the work that you have done, how many plants you've closed, and then do you see further kind of work being done