Articles tagged under: ADM
Income Improvement for ADM
Published January 30, 2020
Archer Daniels Midland is reporting fourth quarter income of $504 million, up from $315 million one year ago. Profits got a boost from strong feed sales. Sales declined for its agricultural services and oilseed processing business.Ag Companies Cooperate on Digital Platform
Published December 4, 2019
An industry-wide initiative to modernize trade operations is now going by a new name, Covantis. The goal of this effort is to increase efficiencies within the system with a digital platform. ADM, Bunge, Cargill, COFCO International, Louis Dreyfus Company and…Better-Than-Expected Profits for ADM
Published November 1, 2019
Archer Daniels Midland’s income totaled $16.7 billion in the third quarter, up six percent from last year. ADM’s nutrition business surged, up 76 percent in profits. Specialty products, such as pea protein, contributed to that strength. Lower margins in the…Lawsuit Filed Against ADM
Published September 6, 2019
An energy trading firm has filed a class action lawsuit against Archer Daniels Midland, claiming ADM manipulated the cash ethanol price. AOT Holdings is seeking damages of up to $6.3 million.Trade and Tough Weather Impact ADM’s Q2 Results
Published August 1, 2019
Archer Daniels Midland is reporting second-quarter earnings of $235 million, down 58 percent from one year ago. ADM CEO Juan Luciano says the trade war and the tough spring weather conditions had an impact of about $65 million to the…Smithfield Sources Corn From South America
Published June 5, 2019
With record delays in U.S. corn planting, Smithfield Foods is purchasing corn from South America. Reuters is reporting Smithfield Foods is buying grain from ADM and other unnamed companies. Rather than shipping corn from the Midwest, Smithfield has found it…ADM Creates New Ag Services and Oilseeds Unit
Published May 29, 2019
Archer Daniels Midland has a new business unit called Ag Services and Oilseeds, which combines the original and oilseed business operations into a single reporting structure starting July 1. Former ADM Oilseeds president Greg Morris will lead the unit. ADM…First Quarter Earnings Drop for ADM
Published April 29, 2019
First quarter earnings for ADM totaled $233 million, down from $393 million the previous year. Revenue was also down from $15.5 billion in 2018, reported at $15.3 billion. The company says poor weather conditions in North America hurt operating profit…A Change for ADM
Published April 22, 2019
The president of ADM’s grain business, Wes Uhlmeyer, has stepped down. Chris Boerm, who is president of ADM’s transportation division, will now oversee the transportation and grain business. Boerm previously was president of ADM’s grain trading division.