Archer-Daniels-Midland Again Raises Outlook on New U.S. Biofuels Policy
Archer-Daniels-Midland (ADM) has once again increased its full-year adjusted earnings outlook, driven by new U.S. government regulations mandating increased biofuel content in gasoline and diesel. The company now projects adjusted earnings of $5.15 to $5.60 per share, up from a previous forecast, due to …