(Reuters) -Bunge beat Wall Street estimates for second-quarter adjusted profit on Wednesday, as the grain trader benefited from a recovery in processing margins.

Earlier this month, the company officially closed a long-delayed deal to merge with Glencore-backed Viterra, two years after announcing the $34 billion mega-deal.

It also completed the sale of its U.S. corn milling business, which further streamlined its operations and simplified its portfolio.

However, net sales from Bunge's core agribusiness segment, its largest by revenue and volume, fell 5.1% to $9.17 billion in the reported quarter from a year earlier.

The company posted an adjusted profit of $1.31 per share for the three months ended June 30, compared with analysts' average estimate of $1.14, according to data compiled by LSEG.

(Reporting by Pooja Menon in Bengaluru; Editing by Shinjini Ganguli)