ADM Lifts Profit Outlook on Strong Crop Processing Margins

Archer-Daniels-Midland (ADM), the US agribusiness, has raised its profit forecast for 2026 due to strong crop processing margins and favorable biofuels policies in the United States.

The company's second-quarter earnings exceeded Wall Street estimates, driven by soaring energy prices triggered by the Iran war. This led to higher margins for producing corn-based ethanol fuel and crushing soybeans for use in crop-based diesel.

ADM also benefited from higher US biofuel blending mandates after a lengthy delay, which lifted uncertainty that had weighed on earnings.

The company's shares rose 3.8% in premarket trading as it raised its adjusted earnings forecast to between $5.15 and $5.60 per share for 2026, compared to a prior forecast of $4.15 and $4.70 per share.