# ADM Raises 2026 Earnings Outlook on Biofuel Boom | Feed & Grain

> ADM raised its 2026 adjusted earnings guidance to $5.50-$5.80 per share from $5.15-$5.60 after third-quarter profit grew in every segment. Crushing profit jumped by about $298 million year over year, which the company attributed to federal renewable volume rules and stronger biofuel demand for soybean oil. ADM also trimmed its 2026 capital spending to $1.2-$1.3 billion.

- Date: 2026-11-03 · published 2026-11-03T21:16:24.142Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/78465-adm-raises-2026-earnings-outlook-on-biofuel-boom-feed-and-grain
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Renewable volume obligations are pulling soybean oil into biofuel use, which supports soybean oil prices and crush margins. Higher crush activity also increases meal output, which can weigh on soybean meal prices for feed buyers.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2017-03-03 | [Commodities: Biofueled grain rally](https://feedsoft.ai/events/72086-commodities-biofueled-grain-rally.md) | -3.0% | -5.5% |
| SBO | 2026-09-02 | [CBOT soybean oil rises 7.2% as EPA reallocation shifts biofuel outlook \| S&P Global](https://feedsoft.ai/events/14992-cbot-soybean-oil-rises-7-2-as-epa-reallocation-shifts-biofuel-outlook-s-and-p.md) | -4.0% | -7.2% |
| SBO | 2023-09-26 | [Factors driving US biodiesel and biofuel demand Video \| Feed & Grain](https://feedsoft.ai/events/15281-factors-driving-us-biodiesel-and-biofuel-demand-video-feed-and-grain.md) | +2.0% | -7.0% |
| SBO | 2024-09-18 | [Grain Journal \| Op-Ed: EPA’s 18-month blunder on biofuel blending…](https://feedsoft.ai/events/15184-grain-journal-op-ed-epa-s-18-month-blunder-on-biofuel-blending.md) | +5.5% | +1.5% |
| SBO | 2022-02-09 | [Behind the Hot Year for Biofuels M&A: 2021 Review and Outlook  : The Daily Digest](https://feedsoft.ai/events/42710-behind-the-hot-year-for-biofuels-m-and-a-2021-review-and-outlook-the-daily.md) | -0.1% | +13.2% |
| SBM | 2019-03-14 | [Feed weekly outlook: DDGS market to adjust with E15 move - AgCanada](https://feedsoft.ai/events/60188-feed-weekly-outlook-ddgs-market-to-adjust-with-e15-move-agcanada.md) | +3.8% | +3.3% |
| SBM | 2024-06-14 | [Biofuel policies will alter grain price structure - Alberta Farmer Express](https://feedsoft.ai/events/29742-biofuel-policies-will-alter-grain-price-structure-alberta-farmer-express.md) | -1.8% | -9.5% |
| SBM | 2018-05-01 | [State Starts 20% Biodiesel Sales, Championing Both Biofuel and Soybean Growth](https://feedsoft.ai/events/64922-state-starts-20-biodiesel-sales-championing-both-biofuel-and-soybean-growth.md) | -1.9% | -3.0% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/business-markets/company-news/news/16424140/adm-raises-2026-earnings-outlook-on-biofuel-boom

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