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Archer-Daniels-Midland reported adjusted earnings per share well above consensus, though revenue fell short. The company raised its annual earnings guidance and credited strong biofuel margins and supportive federal rules.
Management said crush margins may have peaked but are expected to stay strong.
Federal biofuel rules are lifting demand for vegetable oil used in renewable diesel, which supports soybean oil prices. Strong crush margins also mean continued high soybean crush and meal output.
kalkinemedia.comNov 12, 2026After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 206 past neutral policy events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% 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.
