Articles tagged under: ADM

ADM Enjoys a 52 Percent Increase in 2Q Profits

Published July 27, 2021

Archer Daniels Midland reports quarterly earnings of $712 million, up from $469 million in the same period last year. Strong Chinese export demand is credited for those gains. ADM officials also cited stronger oilseed crush margins for its success.

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ADM to Start Work on New Soybean Crush Facility Late June

Published June 17, 2021

On Wednesday, Archer Daniels Midland met with local farmers and the Jamestown/Stutsman Development Corporation to discuss a new soybean crush facility in Spiritwood. ADM is retrofitting a former Cargill Malt plant. "We plan to start some demo work by the…

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Where Will ADM’s Soybean Oil Go in North Dakota?

Published May 17, 2021

The vegetable oil produced at ADM’s new soy crush facility in Spiritwood, North Dakota will be sold to Marathon in Dickinson, North Dakota to make renewable diesel. NDSU Extension Bioenergy Economics Specialist David Ripplinger says the renewable diesel sector is…

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Bring More Value-Added Agriculture to North Dakota

Published May 11, 2021

Jamestown, North Dakota farmer Terry Wanzek says the fact that ADM is showing an interest in North Dakota for a soybean crush facility makes a big statement. "They have the money, background and knowledge and they see the potential. A…

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ND Farmers Pleased with Plans for ADM Soy Crush Facility

Published May 10, 2021

North Dakota Soybean Growers Association President Joe Ericson was pleasantly surprised with the news of ADM’s crush plant at Spiritwood. "Like most people, we got the news from ADM," said Ericson, who farms near Wimbledon. "It will be nice to…

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ADM to Build New Soybean Crush Facility in ND

Published May 10, 2021

Archer Daniels Midland plans to build a soybean crush facility at the Spiritwood Energy Park near Jamestown. The $350 million facility will process 150,000 bushels of soybeans per day. ADM is taking over the site of a former Cargill barley…

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Strong Commodity Demand Drives Q1 ADM Earnings

Published May 7, 2021

Archer Daniels Midland is reporting gross profits of $1.54 billion for the first quarter of the 2021 fiscal year. Net earnings for the quarter are reported at $693 million. ADM CEO Juan Luciano says the strong rebound in demand for…

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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…

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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…

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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…

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