Form 10-Q · Quarterly report
Archer Daniels Midland 10-Q, filed Nov 3, 2026
- Filed
- CIK
- 0000007084
- Accession no.
- 0000007084-26-000057
Summary
Archer-Daniels-Midland said it executed a definitive agreement in October 2026 with a subsidiary of CJ CheilJedang for a joint venture in North and South America, majority owned by CJ, to develop, manufacture and market fermentation-derived amino acids, subject to regulatory approvals, and that it is receiving tariff refunds on an ongoing basis after the U.S. Supreme Court held in February 2026 that IEEPA did not authorize executive-branch tariffs. ADM also said U.S. biofuel policy changes — proposed Section 45Z regulations and finalized 2026–2027 Renewable Volume Obligations — benefited its ethanol and biofuel operations and crush and grind margins, while renewable fuel markets remain subject to regulatory and implementation risks.
Key points
- ADM announced in February 2025 targeted actions expected to deliver $500 million to $750 million of aggregate cost savings over three to five years, beginning in 2025.
- ADM and Alltech Inc. launched Akralos Holding Company LLC, a North American animal feed joint venture, in March 2026, contributing feed mills in the U.S. and Canada.
- ADM and Planters Cotton Oil Mill Inc. launched Two Rivers Premium Oils LLC, a cottonseed joint venture, in January 2026 with a Pine Bluff, Arkansas crush plant and ADM's Memphis, Tennessee cottonseed facility.
- ADM said it does not expect tariff-related risks to have a significant impact on its financial position, results of operations, or cash flows.
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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