{
  "report_rows": [
    {
      "kpi": "Adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$1.56 vs. cons $1.47",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Ag Services & Oilseeds segment operating profit",
      "prediction": "BEAT",
      "answer": "pred ~$535M vs. cons $510M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Carbohydrate Solutions segment operating profit",
      "prediction": "BEAT",
      "answer": "pred ~$385M vs. cons $375M",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Full-year adjusted EPS guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$4.43 midpoint vs. cons $4.45 (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "45Z segment-income contribution",
      "prediction": "BETTER",
      "answer": "guide ~$170M vs. cons $155M (FY2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "1Q mark-to-market and timing reversal",
      "prediction": "BETTER",
      "answer": "guide ~$205M reversed vs. cons $190M (2Q2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 1.2,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -0.5,
  "day5_path": "FADE",
  "day5_rationale": "Day-1 residual +1.2% versus 5-day residual -0.5%: the EPS and segment beats are principally supported by the anticipated timing reversal and strong ethanol economics, while an unchanged ~$4.43 FY2026 guidance midpoint versus ~$4.45 consensus leaves out-period earnings math broadly flat and invites modest estimate trimming after the initial reaction.",
  "day5_confidence": "MEDIUM"
}