# ADM Reports Improved Q1 Earnings For Dry Mill Ethanol Plants

> 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.

- Date: 2024-04-30 · published 2024-04-30T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/30245-adm-reports-improved-q1-earnings-for-dry-mill-ethanol-plants
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Improved dry mill margins and expected ethanol demand reflect steady processing activity. This has little direct effect on feed prices.

## Read by commodity

- CORN: bullish ▲
- DDGS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-07-27 | [ADM reports significant Q2 improvement in ethanol earnings  \| Biomass Magazine](https://feedsoft.ai/events/46040-adm-reports-significant-q2-improvement-in-ethanol-earnings-biomass-magazine.md) | +1.1% | -1.8% |
| CORN | 2023-10-26 | [ADM Reports Strong Q3 for Ethanol](https://feedsoft.ai/events/33607-adm-reports-strong-q3-for-ethanol.md) | -3.5% | -3.6% |
| CORN | 2023-04-19 | [CoBank Reports Strong Q1 Finish for US Ethanol Industry](https://feedsoft.ai/events/36390-cobank-reports-strong-q1-finish-for-us-ethanol-industry.md) | -1.0% | -8.5% |
| CORN | 2023-10-17 | [CoBank Reports a Strong Q3 for US Ethanol Industry](https://feedsoft.ai/events/33606-cobank-reports-a-strong-q3-for-us-ethanol-industry.md) | +2.6% | -1.6% |
| CORN | 2024-10-15 | [CoBank Predicts Ethanol Industry Earnings Will Remain Stable](https://feedsoft.ai/events/27838-cobank-predicts-ethanol-industry-earnings-will-remain-stable.md) | -0.1% | +2.6% |

## Sources

- ethanolproducer.com: https://ethanolproducer.com/articles/adm-reports-improved-q1-earnings-for-dry-mill-ethanol-plants
- mnbiofuels.org: https://www.mnbiofuels.org/adm-reports-improved-q1-earnings-for-dry-mill-ethanol-plants

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.