ADM invests in Iowa corn facility as stronger earnings lift 2026 outlook
The company says the project will speed up corn deliveries for farmers while recent earnings growth supports a higher forecast for 2026.
USA – ADM has announced a multi-million US dollar investment in its Clinton, Iowa corn processing facility as the company pushes to improve grain handling capacity and cut wait times for farmers during harvest seasons.
The project will add two high speed receiving pits that can each handle up to 25,000 bushels per hour. ADM will also expand grain storage and improve infrastructure across the site to help move corn through the facility faster.
The company expects to complete the receiving pits by the end of 2026, while storage work should finish by summer 2027.
“We’re investing to position our Clinton, Iowa, corn processing facility for continued success while dramatically improving the experience for our farmer partners,” said Tim McHenry, Vice President for North America Grain and Feed.
“These upgrades will help farmers spend less time waiting and more time in the field, and help ADM continue to connect those farmers and their crops to the many markets we serve.”
ADM will also improve inbound scale systems and pave part of the facility’s access road. The company says the road work should reduce dust and ease truck congestion around the site, helping both transporters and nearby residents.
Peter Bortoli, Regional Operations Manager, said the project will make deliveries faster and more reliable for farmers.
“Farmers want a simple, efficient experience when they arrive, pull in, unload, and get back to the field,” Bortoli said.
ADM added that contractors and suppliers from Iowa and nearby areas will handle much of the construction and equipment work, supporting local jobs and business activity.
The announcement comes days after ADM raised its 2026 earnings outlook following steady first quarter results. The company reported net earnings of US$298 million and adjusted net earnings of US$345 million for the quarter ended March 31, 2026.
ADM also raised its full year adjusted earnings per share forecast to between US$4.15 and US$4.70, up from the earlier guidance of US$3.60 to US$4.25.
Chair and CEO Juan Luciano linked the stronger outlook to gains in the company’s crushing and ethanol businesses following clearer U.S. biofuels policies.
ADM reported that total segment operating profit rose 2 percent to US$764 million during the quarter, with its Carbohydrate Solutions business recording the strongest growth due to improved ethanol margins.
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