ADM raises annual earnings outlook on stronger US biofuels demand
Updated
Updated · Bloomberg · May 5
ADM raises annual earnings outlook on stronger US biofuels demand
12 articles · Updated · Bloomberg · May 5
The company said March's tougher US biofuels blending requirements should lift demand for corn and soybeans used in renewable fuels and other products.
ADM expects the clearer policy backdrop to help counter market disruptions linked to the conflict in the Middle East.
The outlook upgrade signals support for major crop processors as US renewable fuel rules improve demand prospects for agricultural feedstocks.
With fertilizer costs soaring, will the new biofuel mandates actually benefit American farmers' bottom line?
As biofuel mandates increase, will American drivers see relief or higher prices at the pump?
Can America's biofuel boom truly shield its economy from the ongoing Middle East oil crisis?