ADM Expects Improved Operating Environment in 2026
Says expects 2026 to be an increasingly constructive operating environment. Says the timing of policy clarity, and in particular U.S. biofuel policy, will largely dictate ADM's ability to achieve the higher end of the guidance range. Says the earlier there is policy clarity, the larger the opportunity to take advantage of what is expected to be an increasingly more constructive operating environment. Says animal nutrition was a little bit soft. Says will have strength in flavors and good demand in biotics in 2026. Says manufacturing costs are higher than they used to be. Says things have become a little more expensive to build and repair. Comments taken from Q4 earnings conference call.
