April 24 (Reuters) - Bunge beat Wall Street

expectations for first-quarter profit on Wednesday as the grain

trader and processor benefited from a recovery in processing

margins and strong export volumes.

U.S. exports of grains remained strong, benefiting the

export business of Bunge, which, along with its peers, makes

money by processing, trading, and shipping crops around the

world.

The company said its adjusted processing earnings before

interest and tax rose to $411 million, compared with $404

million last year.

The company said its processing earnings were driven by

Europe and Asia offsetting weaker results in North and South

America.

The company posted an adjusted profit of $3.04 per share for

the three months ended March 31, compared with analysts'

estimates of $2.53 per share, according to LSEG data.