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ADM's Vantage Corn Processor subsegment, which includes its dry mill ethanol plants, posted $15 million operating profit in Q4 2024 versus a loss a year earlier. ADM expects 2025 ethanol margins of 5 to 10 cents per gallon, about 10 cents lower than 2024.
Lower expected ethanol margins from high industry run-rates point to reduced processing incentives and somewhat softer demand for corn and co-product output.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.