
Archer Daniels Midland raised its full-year 2026 adjusted EPS outlook to $5.50-$5.80 from $5.15-$5.60, its third raise this year, after third-quarter adjusted EPS of $1.77. Ag Services and Oilseeds segment operating profit rose 105% to $778 million, with crushing profit up about $300 million on a constructive North American biofuels margin environment and strong soybean meal demand.
Strong crush margins signal robust processing demand for soybeans and higher soybean meal output, which is supportive for soybean meal supply and the feed ingredients chain; biofuel-driven crush demand also supports soybean oil.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% over 20.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
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.