Commodities
ADM Lifts Profit Outlook on Improved Crop Processing Margins
Archer-Daniels-Midland (ADM) raised its annual profit forecast on Tuesday, citing an improvement in crop processing margins and favorable U.S. biofuels policies.
The company's adjusted earnings for 2026 are now expected to range from $5.15 to $5.60 per share, up from the previous forecast of $4.15 to $4.70 per share.
This upward revision is attributed to strong crop processing margins and favorable U.S. biofuels policies, which have swelled margins for producing corn-based ethanol fuel and crushing soybeans for use in diesel.
ADM's shares rose 3.8% in premarket trading after the company beat Wall Street estimates for second-quarter earnings, posting an adjusted profit of $1.84 per share, exceeding analysts' average estimate of $1.44.