ADM · 10-Q · 2026Q3 · Full report

Carbohydrate Demand and Competition

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

North American liquid sweetener demand remained soft, affecting both volumes and margins, while starch demand was stable. EMEA Starches and Sweeteners faced demand softness across food and industrial markets, and International Corn Milling was affected by weaker sweetener demand and higher energy costs. Global Wheat Milling also experienced lower margins, while EMEA results reflected a competitive pricing environment.

Key facts

• ADM’s processed corn volumes were 4,729 thousand metric tons in the three months ended September 30, 2026, versus 4,666 thousand metric tons in 2025. source
• ADM’s processed corn volumes were 14,007 thousand metric tons in the nine months ended September 30, 2026, versus 13,861 thousand metric tons in 2025. source
• North America liquid sweetener demand remained soft while starch demand was stable. source
• EMEA Starches and Sweeteners were pressured by soft demand across food and industrial segments. source