Earnings VisibilityThere is a lower degree of earnings visibility for 2025 than is normal due to uncertainties around key policy decisions and the Nutrition business trajectory.
Market ConditionsThe market remains challenged across all core segments for ADM, with additional downside overhang due to slow Nutrition recovery, plant downtimes, and volatile soybean crush.
ProfitabilityThe outlook for ADM’s profitability has soured considerably with increased macro risks stemming from the US election results as well as the company’s own performance.