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ADM reported record third-quarter Carbohydrate Solutions results, with operating profit of $460 million, driven by robust ethanol demand and strong margins. The company expects fourth-quarter results similar to last year with upside if margins hold.
Strong ethanol margins indicate sustained processor demand for corn and co-products such as DDGS. The results signal firm domestic ethanol activity into the coming quarter.
mnbiofuels.orgLiliana TovarOct 26, 2023After 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.
