Articles tagged under: ADM

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…

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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…

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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…

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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…

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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…

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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…

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Heggen Hired

Published March 23, 2020

Erik Heggen has been named chief executive officer for Stratas Foods. The company is a joint venture between Archer Daniels Midland and ACH Food Companies. Heggen previously worked at ADM.

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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.

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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…

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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…

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