ADM Executive Says Expects Q2 2024 Global Soybean Crush Margin At Lower Range; CEO Anticipates Crush Margins In Brazil To Improve In Q2 2024; Expect Strong Exports To Mexico For Q2 2024, Benefitting Carbohydrate Solutions Unit; Still See Strong Demand For Flavors; "Reshuffle Of Demand" Of Plant-Based Proteins
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ADM executive forecasts Q2 2024 global soybean crush margin to be at the lower range, but expects improvement in Brazil's crush margins. The company anticipates strong exports to Mexico benefiting its Carbohydrate Solutions Unit and maintains a positive outlook on demand for flavors and plant-based proteins.
April 30, 2024 | 3:09 pm
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ADM expects lower global soybean crush margins in Q2 2024, with an improvement in Brazil. The company also anticipates strong exports to Mexico, benefiting its Carbohydrate Solutions Unit, and sees continued strong demand for flavors and plant-based proteins.
The mixed outlook with expected lower global soybean crush margins could pressure ADM's profitability, while improvements in Brazil and strong exports to Mexico could offset some negative impacts. The continued demand for flavors and plant-based proteins suggests resilience in other segments of ADM's business.
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