ADM raises annual profit forecast as soybean processing outlook improves

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August 4, 2026 6:22 AM EDT

A general view of the Archer Daniels Midland headquarters in Decatur, Illinois, U.S. November 23, 2024. REUTERS/Vincent Alban

Aug 4 (Reuters) - ‌Archer-Daniels-Midland raised ​its ​forecast for full-year adjusted profit and beat quarterly earnings estimates ‌on Tuesday, citing a strong oilseed ⁠processing outlook.

A rally in U.S. grain ‌prices since the start ‌of the Iran war has triggered fresh farmer selling of corn and ​soybeans, which were stored from last year's crop during a ⁠prolonged period of low prices.

In the wake of U.S. ​and Israeli attacks on Iran, farmers across the U.S. Midwest sold ​stored corn, soybeans ‌and wheat as prices rallied, with grains flowing to ethanol ⁠plants and soybean processing facilities.

Chicago-based ADM expects 2026 adjusted earnings between $5.15 and $5.60 ⁠per share, compared with a prior forecast of $4.15 ​and $4.70 per share.

Shares of the company rose 2.7% in premarket trading.

The company posted an ‌adjusted profit of $1.84 per share for the three months ended ‌June 30, topping analysts' average ⁠estimate of $1.44, according ‌to data compiled ​by LSEG.

(Reporting by Sumit Saha in Bengaluru; Editing by Shinjini ‌Ganguli)


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