ADM · 10-Q · 2026Q2 · Full report

Interest Rate Environment

Archer-Daniels-Midland Co · 2026-08-04 · Importance 44 · Surprise 46

Cash flows from segregated investments reflected changes in the investment mix of customer funds due to changes in yields. Collateral pledge requirements in ADM’s futures commission and brokerage business also affected the investment balances. Segregated investments generated a $177 million cash outflow in the six months ended June 30, 2026, compared with a $1.3 billion inflow in the prior-year period.

Key facts

• Interest and investment income increased $186 million to $116 million, driven by $187 million of revaluation losses in the prior year quarter. source
• Interest and investment income increased $173 million to $241 million for the six months ended June 30, 2026, driven by $187 million of revaluation losses in the prior year period. source
• Interest expense decreased $11 million to $148 million, due to a decrease in financing costs driven by lower outstanding debt and interest rates for the three months ended June 30, 2026. source
• Interest expense for the six months ended June 30, 2026 decreased $20 million to $297 million due to a decrease in financing costs driven by lower outstanding debt and interest rates. source