Form 10-Q · Quarterly report
Archer Daniels Midland 10-Q, filed Aug 4, 2026
- Filed
- CIK
- 0000007084
- Accession no.
- 0000007084-26-000042
Summary
Archer-Daniels-Midland said 2026 U.S. regulatory developments — proposed Section 45Z rules, higher Renewable Volume Obligations for 2026–2027, and the Supreme Court's February 2026 ruling that IEEPA does not authorize tariffs — gave more visibility into renewable fuel demand and benefited its ethanol and biofuel operations and crush and grind margins, while it monitors the Customs and Border Protection tariff refund process initiated in April 2026. ADM also outlined 2026 priorities centered on cutting manufacturing and transaction costs through automation, digitalization and AI, and investing in advanced nutrition, functional health, biosolutions, precision fermentation and decarbonization, alongside recent joint ventures in cottonseed and animal feed.
Key points
- ADM said its 2026 priorities include lowering manufacturing costs through process streamlining, automation and higher utilization, and reducing transaction costs through digitalization and artificial intelligence.
- ADM launched Two Rivers Premium Oils, LLC, a cottonseed joint venture with Planters Cotton Oil Mill Inc., in January 2026, contributing its Memphis, Tennessee cottonseed facility.
- ADM launched Akralos Holding Company LLC, a North American animal feed joint venture with Alltech Inc., in March 2026.
- The U.S. Supreme Court held on February 20, 2026 that the International Emergency Economic Powers Act does not authorize the executive branch to impose tariffs; ADM said it does not expect tariff-related risks to significantly affect its financial position or results.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS This Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) should be read in conjunction with the accompanying unaudited Consolidated Financial Statements, which can be found in Part I. Item 1. Consolidated Financial Statements. Company Overview Archer-Daniels-Midland Company and its subsidiaries (the "Company" or "ADM") unlocks the power of nature to enrich the quality of life. The Company is an essential global agricultural supply chain manager and processor, providing food security by connecting local needs with global capabilities. …
An excerpt of the text as filed with the SEC, cut for length.
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