ADM and Bunge shares jump as biofuel demand lifts outlook
Updated
Updated · The Wall Street Journal · May 5
ADM and Bunge shares jump as biofuel demand lifts outlook
13 articles · Updated · The Wall Street Journal · May 5
ADM on Tuesday raised its annual earnings forecast, sending its stock up 6%, while Bunge shares are up almost 50% this year.
The gains follow Trump administration quotas raising US biofuel blending and soybean oil prices hitting multi-year highs amid stronger alternative-fuel demand after the war in Iran.
ADM said crushing margins also benefited from strong soybean meal demand and improved US soybean exports after last fall's China trade deal normalised shipments.
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?