# ADM Profit Tops Estimates On Good Ethanol Margins, Brazilian Exports | ESM Magazine

> ADM beat third-quarter profit estimates, with adjusted EPS of $1.63 versus analysts' $1.52, on good ethanol and sweetener margins and strong Brazilian crop exports. The company raised its full-year earnings outlook, though Ag Services and Oilseeds profit fell 21%.

- Date: 2023-10-25 · published 2023-10-25T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/33610-adm-profit-tops-estimates-on-good-ethanol-margins-brazilian-exports-esm-magazine
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Strong South American export flows are competing with US supply, which weighs on US export demand. Robust ethanol margins support processor corn demand.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-09-20 | [Brazil ethanol exports to Europe to hit 12-year record, as Europe margins crash](https://feedsoft.ai/events/39566-brazil-ethanol-exports-to-europe-to-hit-12-year-record-as-europe-margins-crash.md) | -2.5% | +2.4% |
| CORN | 2024-02-08 | [With corn ethanol on the rise, Brazil doubles DDG exports - DatamarNews](https://feedsoft.ai/events/31775-with-corn-ethanol-on-the-rise-brazil-doubles-ddg-exports-datamarnews.md) | -1.4% | +1.6% |
| CORN | 2023-07-12 | [New project seeks to boost Brazilian corn meal exports - DatamarNews](https://feedsoft.ai/events/35033-new-project-seeks-to-boost-brazilian-corn-meal-exports-datamarnews.md) | -5.7% | -8.7% |
| CORN | 2022-09-19 | [US Ethanol Exports on Track for One of the Best Years on Record](https://feedsoft.ai/events/39570-us-ethanol-exports-on-track-for-one-of-the-best-years-on-record.md) | +0.0% | +0.2% |
| CORN | 2025-07-03 | [U.S. Exports of Ethanol and Distillers Grains Strengthened in May](https://feedsoft.ai/events/23736-u-s-exports-of-ethanol-and-distillers-grains-strengthened-in-may.md) | -5.1% | -5.0% |
| SOY | 2024-01-01 | [COMMENTARY: Massive Brazilian soybean exports too heavily leaning on China?](https://feedsoft.ai/events/32739-commentary-massive-brazilian-soybean-exports-too-heavily-leaning-on-china.md) | -4.2% | -5.8% |
| SOY | 2026-07-31 | [Brazilian, US soybean prices remain high despite drops; Brazil still top origin \| S&P Global](https://feedsoft.ai/events/18359-brazilian-us-soybean-prices-remain-high-despite-drops-brazil-still-top-origin-s.md) | -1.7% | +6.7% |
| SOY | 2018-05-25 | [In US Soybean Splurge, Beijing Faces Tough Sell To Saturated Market \| ESM Magazine](https://feedsoft.ai/events/64997-in-us-soybean-splurge-beijing-faces-tough-sell-to-saturated-market-esm-magazine.md) | -1.4% | -13.6% |

## Sources

- esmmagazine.com: https://www.esmmagazine.com/supply-chain/adm-profit-tops-estimates-on-good-ethanol-margins-brazilian-exports-252266

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