Bunge Ltd Q1 2022 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Thomas Hinsdale Palmer - JPMorgan Chase & Co, Research Division - Analyst : Maybe just to kind of circle back on the guidance, and I know there have been a couple of questions about this. I just want to make sure I understand what the $2 boost to your outlook was really for. I mean, is the implication, you came in as it played out stronger in the first quarter, the second quarter is off to a strong start. And that's largely what's reflected in the boost at this point, and you're kind of leaving the back half unchanged, even though you've outlined reasons why it could be better than you had assumed previously. Is that right? Or are you also looking at -- in the guidance itself a stronger back half as well?

Question: Thomas Hinsdale Palmer - JPMorgan Chase & Co, Research Division - Analyst : Thanks for that detail. Appreciate that you're not at this point ready to go into maybe financial details on CoverCress. But maybe just -- is this a business that you can use your existing crush infrastructure to process? Or are there investments needed? And then just any type of time line. I think this year is kind of its first commercial rollout, if I had seen that correctly. So what's kind of the even rough time line? Are we still a few years out for meaningful contribution?