Archer-Daniels-Midland raised its full-year adjusted earnings outlook for a second time, following the Trump administration's new rules requiring more biofuels in gasoline and diesel. The food-processing company now expects adjusted earnings of about $5.15 to $5.60 a share, up from its previous forecast of $4.15 to $4.70 a share. Analysts polled by Fact Set had expected $4.82 a share.

The increase reflects expected year-over-year earnings improvement in ADM's crushing and ethanol businesses, which have benefited from new quotas requiring more crop-based biofuels to be blended into the nation's fuel supply. "These results, and the expectations we have into the back half of this year, give us confidence to again raise our 2026 earnings outlook," Chief Executive Juan Luciano said. The policy shift represents a significant tailwind for ADM's renewable fuels operations, positioning the company to capture additional value from the expanding biofuels mandate.