ADM’s oilseed crushing profit jumps nearly 11-fold

ADM significantly improved its financial performance in the second quarter of 2026, supported by stronger oilseed crushing margins and robust ethanol results. The company’s adjusted earnings reached $1.84 per share, up 98% year-on-year, while revenue increased 7.1% to $22.68 billion.

The strongest growth came from the Ag Services and Oilseeds segment, where operating profit surged 129% to $867 million. Crushing profit alone jumped to $363 million from $33 million a year earlier, supported by stronger biofuel margins, elevated energy prices and record meal exports from Brazil and the United States.

ADM processed 9.5 mln tons of oilseeds during the second quarter, up 4.7% year-on-year, while corn processing volumes increased 2.6% to 4.7 mln tons. Ag Services operating profit surged 159% to $293 million, benefiting from higher soybean exports and the return of the Barcarena terminal in Brazil to full operations.

The ethanol business also delivered strong results. Carbohydrate Solutions operating profit rose 22% to $411 million. Strong energy prices, lower US corn prices and renewable fuel policies improved ethanol economics in North America.

Following the strong quarterly performance, ADM raised its 2026 adjusted earnings guidance to $5.15-$5.60 per share, up from its previous forecast of $4.15-$4.70. The company expects oilseed crushing and ethanol results to remain stronger year-on-year amid a favorable margin environment.

Tags: oilseed crushing, ADM, oilseeds, profit