ADM · 10-Q · 2026Q3 · Full report

Biofuels and Ethanol Demand

Archer-Daniels-Midland Co · 2026-11-03 · Importance 25 · Surprise 24

Renewable fuel economics supported demand for soybean oil and biodiesel, while the filing reported continued strength in renewable fuel demand and improved North American biodiesel margins. In Carbohydrate Solutions, enhanced blending economics drove robust domestic ethanol demand, and international energy prices helped U.S. ethanol remain competitive globally. High industry utilization supported ethanol production, with a seasonal slowdown for annual maintenance late in the period.

Key facts

• Third-quarter 2026 Vantage Corn Processors results increased $103 million year over year, driven by stronger ethanol margins supported by policy incentives. source
• North America ethanol margins rose due to policy incentives, and enhanced blending economics drove robust domestic demand. source