Company Reports

Archer-Daniels-Midland buys, processes, and sells agricultural commodities. The firm purchases crops from farmers and then transports, stores, and/or processes the crops before selling them to food, feed, and energy buyers. The commodity products ADM moves around the world are readily available from competitors. The company has little pricing power over the products it buys and sells, making for slim margins. In addition, the capital intensity of its operations makes it difficult, but not impossible, for ADM to generate consistent economic profits.

Archer-Daniels-Midland reported strong second-quarter earnings results as favorable grain merchandising conditions resulted in companywide operating profits roughly tripling year-over-year.

Archer-Daniels-Midland reported higher year-over-year first-quarter operating profits driven by strong ethanol results. ADM shares were up 5% on May 5 at the time of writing as the market reacted to management raising its full-year guidance above FactSet consensus estimates.

Archer-Daniels-Midland buys, processes, and sells agricultural commodities. The firm purchases crops from farmers and then transports, stores, and/or processes the crops before selling them to food, feed, and energy buyers. The commodity products ADM moves around the world are readily available from competitors, and the company has little pricing power over the products it buys and sells, making for slim margins. In addition, the capital intensity of its operations makes it difficult, but not impossible, for ADM to generate consistent economic profits.

Archer-Daniels-Midland buys, processes, and sells agricultural commodities. The firm purchases crops from farmers and then transports, stores, and/or processes the crops before selling them to food, feed, and energy buyers. The commodity products ADM moves around the world are readily available from competitors, and the company has little pricing power over the products it buys and sells, making for slim margins. In addition, the capital intensity of its operations makes it difficult, but not impossible, for ADM to generate consistent economic profits.

The war in the Middle East has disrupted global trade, leading to ocean shipping traffic being largely closed through the Strait of Hormuz. This has led to rising oil prices as well as higher corn and soybean prices and altered grain trade flows.

The Wall Street Journal reported that tanker traffic in the Strait of Hormuz has nearly stopped due to the war in the Middle East. Oil prices are also up due to the conflict, which has led to corn prices rising and altered grain trade flows.

A weaker global crop-trading environment affected Archer-Daniels-Midland's fourth-quarter results and weighed on its profits. ADM shares were down over 2% on Feb. 3 at the time of writing as the market reacted to management's 2026 guidance coming in below FactSet consensus estimates.

Archer-Daniels-Midland buys, processes, and sells agricultural commodities. The firm purchases crops from farmers and then transports, stores, and/or processes the crops before selling them to food, feed, and energy buyers. The commodity products ADM moves around the world are readily available from competitors, and the company has little pricing power over the products it buys and sells, making for slim margins. In addition, the capital intensity of its operations makes it difficult, but not impossible, for ADM to generate consistent economic profits.

Archer-Daniels-Midland buys, processes, and sells agricultural commodities. The firm purchases crops from farmers and then transports, stores, and/or processes the crops before selling them to food, feed, and energy buyers. The commodity products ADM moves around the world are readily available from competitors, and the company has little pricing power over the products it buys and sells, making for slim margins. In addition, the capital intensity of its operations makes it difficult, but not impossible, for ADM to generate consistent economic profits.

Archer-Daniels-Midland's third-quarter results were affected by lower crop prices and delayed purchasing, which led to a challenging grain merchandising environment. ADM shares were flat Nov. 4 at the time of writing as the market reacted to a 2025 guidance cut but an improving outlook for 2026.

Archer-Daniels-Midland's second-quarter earnings reflected below midcycle grain merchandising conditions as lower volumes weighed on profits. Yet, ADM shares rallied and were up 5% at the time of writing, driven by an improved outlook for 2026 and 2027.

Archer-Daniels-Midland buys, processes, and sells agricultural commodities. The firm purchases crops from farmers and then transports, stores, and/or processes the crops before selling them to food, feed, and energy buyers. The commodity products ADM moves around the world are readily available from competitors, and the company has little pricing power over the products it buys and sells, making for slim margins. In addition, the capital intensity of its operations makes it difficult, but not impossible, for ADM to generate consistent economic profits.

ADM reported a first-quarter profit decline versus the prior-year quarter on lower volumes and reduced soy crush margins. ADM shares were up 3% at the time of writing, as management guided to little tariff impact and full-year adjusted earnings per share above consensus estimates.

Archer-Daniels-Midland buys, processes, and sells agricultural commodities. The firm purchases crops from farmers and then transports, stores, and/or processes the crops before selling them to food, feed, and energy buyers. The commodity products ADM moves around the world are readily available from competitors, and the company has little pricing power over the products it buys and sells, making for slim margins. In addition, the capital intensity of its operations makes it difficult, but not impossible, for ADM to generate consistent economic profits.

US President Donald Trump announced sweeping tariffs that featured a minimum 10% tariff on all US imports, with only limited exceptions, and higher rates for select countries. Ingredient producer shares were mixed on the news, either up or down less than the broader market selloff.

Archer-Daniels Midland buys, processes, and sells agricultural commodities. The firm purchases crops from farmers and then transports, stores, and/or processes the crops before selling them to food, feed, and energy buyers. The commodity products ADM moves around the world are readily available from competitors, and the company has little pricing power over the products it buys and sells, making for slim margins. In addition, the capital intensity of its operations makes it difficult, but not impossible, for ADM to generate economic profits.

ADM's shares fell by 5% on Feb. 4 as management's 2025 guidance came in below consensus estimates and implies a third straight year of profit declines.

We’re maintaining our $55 fair value estimate after Archer-Daniels Midland reported its full third-quarter results and held its earnings call. Our no-moat rating is also unchanged. In early November, ADM reported preliminary results.

Archer-Daniels Midland buys, processes, and sells agricultural commodities. The firm purchases crops from farmers and then transports, stores, and/or processes the crops before selling them to food, feed, and energy buyers. The commodity products ADM moves around the world are readily available from competitors, and the company has little pricing power over the products it buys and sells, making for slim margins. In addition, the capital intensity of its operations makes it difficult, but not impossible, for ADM to generate economic profits.