ADM offsets Q4 losses with strong ethanol results but market starting to turn

In Illinois, it appears that Archer Daniels Midland hasn’t been able to successfully offload its dry mill ethanol plants before margins went into negative territory. In its Q4 reporting this week, no mention was made of the future of the plants. The company’s corn processing unit saw better results thanks to steady demand for ethanol and other corn products despite an overall drop in profits by 41%. With stocks weighing on prices, pushing crush margins into negative territory and lack of demand for ethanol and DDGS from China, the company will have to find a way to offset the impending downturn in the market.