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ADM reported first-quarter 2024 results, with Carbohydrate Solutions segment operating profit down 11% to $248 million. Its Vantage Corn Processors unit posted a $13 million loss, an improvement of $21 million on a year earlier, and the company said it expects solid ethanol demand in the second quarter.
Improved dry mill margins and expected ethanol demand reflect steady processing activity. This has little direct effect on feed prices.
ethanolproducer.comApr 30, 2024
mnbiofuels.orgLiliana TovarMay 1, 2024After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
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.
