Archer-Daniels-Midland Company (NYSE:ADM) stock fell Tuesday after the grain giant posted an earnings beat but came up short on revenue, underscoring a choppy demand backdrop.

CEO Juan Luciano pointed to trade turbulence and lingering uncertainty around U.S. biofuel policy as key headwinds weighing on results and sentiment.

The company reported fourth-quarter adjusted earnings per share of 87 cents, beating the analyst consensus estimate of 80 cents.

Quarterly sales of $18.556 billion missed the Street view of $21.120 billion.

“2025 was marked by a dynamic global trade landscape, and ongoing uncertainty around U.S. biofuel policy created a challenging operating environment for ADM,” said Luciano. 

Ag Services and Oilseeds decreased to $14.012 billion from $16.874 billion a year ago. Operating profit was $444 million during …

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