# ADM's Crush Machine Hits Peak Output: Biofuel Policy Drives a 64% Profit Surge, and Wall Street Asks What Comes Next

> ADM reported third-quarter 2026 adjusted earnings per share of $1.77, above the $1.60 consensus, while segment operating profit rose 64% to $1.38 billion and the company raised its full-year guidance. The article attributes stronger processing margins partly to US renewable-fuel rules and higher energy prices, while ADM’s CEO said crush margins may have peaked; the company also raised its expected 2026 benefit from the 45Z credit to about $350 million.

- Date: 2026-11-08 · published 2026-11-09T18:16:50.330Z
- Category: policy · region United States · magnitude medium
- Page: https://feedsoft.ai/events/89949-adm-s-crush-machine-hits-peak-output-biofuel-policy-drives-a-64-profit-surge
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Renewable-fuel obligations and tax credits support demand for vegetable oils as biofuel feedstocks, which can underpin crush economics and soy oil demand. ADM’s view that margins may have peaked tempers the outlook for further processor-driven buying.

## Read by commodity

- SBO: bullish ▲
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2026-08-01 | [U.S. Biofuel Boom: What’s Driving Record Soybean Crush, and Will It Fuel Higher Prices?](https://feedsoft.ai/events/18452-u-s-biofuel-boom-what-s-driving-record-soybean-crush-and-will-it-fuel-higher.md) | +3.6% | +2.3% |
| SBO | 2025-08-07 | [EPA?S Proposed Biofuel Targets Could Stall Industry Growth And Drive Up Prices](https://feedsoft.ai/events/15101-epa-s-proposed-biofuel-targets-could-stall-industry-growth-and-drive-up-prices.md) | -0.3% | -1.9% |
| SBO | 2026-05-27 | [Strong RVO’s, Strong Crush: Biofuel Policy Tightens Soybean Oil Balance Sheet](https://feedsoft.ai/events/15023-strong-rvo-s-strong-crush-biofuel-policy-tightens-soybean-oil-balance-sheet.md) | +2.2% | -3.6% |
| SBO | 2022-11-30 | [Surging US Biofuel Production Stokes Soybean Crush Demand](https://feedsoft.ai/events/15357-surging-us-biofuel-production-stokes-soybean-crush-demand.md) | -9.9% | -11.4% |
| SBO | 2025-05-29 | [Crush Expanding, Biofuels Shifting - What Does It Mean?](https://feedsoft.ai/events/15124-crush-expanding-biofuels-shifting-what-does-it-mean.md) | -4.6% | +3.5% |
| SOY | 2026-03-25 | [As Biofuel Policy Clouds Soybean Crush Outlook, Capacity Expansion in Kansas Offers Bright Spot - RFD](https://feedsoft.ai/events/20198-as-biofuel-policy-clouds-soybean-crush-outlook-capacity-expansion-in-kansas.md) | +1.4% | +0.8% |
| SOY | 2021-12-13 | [WASDE, EPA biofuel news drive soybean market - McKeany-Flavell](https://feedsoft.ai/events/9258-wasde-epa-biofuel-news-drive-soybean-market-mckeany-flavell.md) | +1.4% | +8.4% |
| SOY | 2026-02-03 | [Grain trader ADM's 2026 profit forecast lags expectations amid US biofuel policy uncertainty \| Reuters](https://feedsoft.ai/events/15053-grain-trader-adm-s-2026-profit-forecast-lags-expectations-amid-us-biofuel.md) | +4.8% | +9.0% |

## Sources

- theindextimes.com: https://www.theindextimes.com/post/adm-s-crush-machine-hits-peak-output-biofuel-policy-drives

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