ADM Boosts Biofuel Growth Forecast Amid US Policy Support
ADM, one of the largest processors of soybeans and corn, raised its 2026 profit outlook for the second time. The company's growth is driven by a constructive biofuels environment, strong commercial and operational execution, and momentum in nutrition.
The Chicago-based company's second-quarter adjusted earnings handily beat analysts' expectations, with results reflecting the step up in earnings driven by a favorable biofuel backdrop, according to CEO Juan Luciano. He said that policies around the world are supportive of biofuels, citing strong US policy and elevated global energy prices.
ADM has been expanding its oilseed processing capacity at four US facilities to capitalize on ramped-up biofuels demand. The company's shares rose 1.5% as of 11:41 a.m. in New York on Tuesday, with the stock gaining 38% so far this year.