ADM · 8-K · 20260804PR000040

Biofuels and Ethanol Demand

Archer-Daniels-Midland Co · 2026-08-04 · Importance 17 · Surprise 24 · From source text

ADM reported robust North American ethanol margins supported by policy incentives, the renewable volume obligations, elevated global energy prices, and lower U.S. corn prices. Ethanol gained an economic advantage over competing blendstocks, driving higher domestic blend rates and favorable industry-wide exports. The company also reported strengthening margins at its corn dry-milling ethanol operations.

Key facts

• Vantage Corn Processors subsegment operating profit for 2Q26: $85 million, up from $33 million in 2Q25 (158% increase) source
• Starches and Sweeteners subsegment operating profit for 2Q26: $326 million, up 7% vs 2Q25 source
• Carbohydrate Solutions segment strength in 2Q26 primarily reflected robust North American ethanol margins supported by policy incentives, RVO, elevated global energy prices, and lower U.S. corn prices driving higher domestic blend rates and exports source
• Quarter processed corn volume for the quarter ended June 30, 2026: 4,736 thousand metric tons source

Impact estimates