ADM · 10-Q · 2026Q2 · Full report
Inventory and Commodity Market Conditions
Archer-Daniels-Midland Co · 2026-08-04 · Importance 10 · Surprise 6 · Matches filing data
Market-driven inventory levels contributed to changes in trade payables during the current year period. Higher commodity prices drove increased sales and related trade receivables. The filing does not identify specific commodities or geographies associated with these changes.
Key facts
- Cost of products sold increased $950 million to $20.7 billion, primarily driven by higher commodity and freight costs for the three months ended June 30, 2026 compared to prior year quarter. source
- Cost of products sold for the six months ended June 30, 2026 increased $1.2 billion to $40.0 billion, primarily driven by higher average commodity costs and increased freight costs. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -18.8% | Cost of products sold for the six months ended June 30, 2026 increased $1.2 billion to $40.0 billion, primarily driven by higher average… |
| operating_income | negative | realized | -14.9% | Cost of products sold increased $950 million to $20.7 billion, primarily driven by higher commodity and freight costs for the three months… |