Articles tagged under: ADM

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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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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