Articles tagged under: ADM
A Record First Quarter for ADM
Published April 27, 2021
Archer Daniels Midland is reporting first quarter net income of $689 million, up from $391 million one year ago. ADM’s ag services and oilseed business had a record quarter with operating profits up 84 percent from last year. Strong Chinese…ADM Resumes Ethanol Production at Two Midwest Plants
Published April 2, 2021
Archer Daniels Midland is resuming ethanol production at two of its plants that were shut down this past year. The grind for dry mill ethanol production at Cedar Rapids, Iowa and Columbus, Nebraska will begin immediately. ADM cites growing demand…Calyxt Sells High Oleic Soybean Crop to ADM
Published December 15, 2020
Calyxt has contracted to sell all of the production from its high oleic soybean crop to ADM. This high oleic soybean is the first commercially-approved gene-edited food in the United States. The Twin Cities-based Calyxt is also working on a…ADM Reports an Earnings Drop
Published November 7, 2020
Archer Daniels Midland is reported third quarter net earnings of $225 million. Operating profits are at $904 million compared to $758 million one year ago. ADM’s Ag Services and Oilseeds division reported net earnings of $436 million. For 89 consecutive…ADM to Sell Wilmar International Shares
Published August 21, 2020
Archer Daniels Midland plans to sell $500 million worth of Wilmar International shares to increase its working capital. Wilmar International is Asia's leading agribusiness group. ADM will sell about four to five percent of its Wilmar stock, leaving ADM owning…Lawsuit Filed Against ADM
Published July 15, 2020
Archer Daniels Midland is being accused of manipulating the ethanol market. Green Plains, which is one of the largest U.S. ethanol producers, filed the lawsuit in the U.S. District Court in Nebraska. ADM is accused of timing large sales of…PlantPlus Foods: New Joint Venture Launched
Published May 28, 2020
ADM has a new joint venture with a Brazilian food processing company to market meat alternative products in North America and South America. Marfrig is one of the world’s largest beef producers and will have a 70 percent ownership stake…ADM Releases 1Q Report
Published April 30, 2020
Archer Daniels Midland reports first quarter net earnings of $391 million, up from $233 million a year earlier. The financial report includes the time when the coronavirus outbreak was just beginning in the United States. ADM’s bottomline was given a…ADM to Crush Nuseed’s Proprietary Canola
Published April 1, 2020
Nuseed has announced an agreement with ADM to crush and process its proprietary omega-3 canola in the United States. Nuseed has contracted with growers in North Dakota and Montana to grow the crop. There will be two key markets for…