v3.26.1
INVENTORIES
6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
Inventories by reportable segment consist of the following:
(US$ in millions)June 30,
2026
December 31,
2025
Soybean Processing and Refining$8,389 $5,378 
Softseed Processing and Refining2,698 2,663 
Tropical Oils and Specialty Ingredients996 924 
Grain Merchandising and Milling3,378 4,233 
Total$15,461 $13,198 
Readily marketable inventories ("RMI") are agricultural commodity inventories, such as soybeans, soybean meal, soybean oil, corn, softseeds, softseed oil, and wheat carried at fair value because of their commodity characteristics, widely available markets, and international pricing mechanisms. All other inventories are carried at lower of cost or net realizable value.
RMI by reportable segment consist of the following, reported within Inventories:
(US$ in millions)June 30,
2026
December 31,
2025
Soybean Processing and Refining (1)
$7,671 $4,772 
Softseed Processing and Refining2,219 2,371 
Tropical Oils and Specialty Ingredients
357 306 
Grain Merchandising and Milling3,064 3,912 
Total$13,311 $11,361 
(1)    Assets held for sale also includes RMI of $65 million and zero at June 30, 2026 and December 31, 2025, respectively.