Grain trader ADM raises profit forecast on biofuel demand outlook
Grain trader Archer-Daniels-Midland (ADM) has raised its full-year profit forecast and exceeded quarterly earnings estimates, driven by a strong oilseed processing outlook and clarified U.S. biofuel blending mandates. The company now expects 2026 adjusted earnings per share between $4.15 and $4.70, up from its previous forecast. This optimism follows the U.S. administration's order for refiners to blend a record amount of biofuels, providing a stable regulatory framework for ADM's operations despite some challenges like a quarterly operating loss in its crushing unit.
https://www.reuters.com/sustainability/climate-energy/grain-trader-adm-raises-profit-forecast-biofuel-demand-outlook-2026-05-05/