Articles tagged under: ADM

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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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.

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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…

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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…

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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…

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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…

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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.

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Private Grain Traders to Invest in Brazilian Infrastructure

Published March 15, 2019

ADM, Bunge, Cargill, Louis Dreyfus and South American soybean producer, Amaggi, have commissioned a study to improve a key Brazilian roadway. This road connects Brazil’s crop production area with the northern ports. Nearly 30 percent of Brazil’s corn and soybean…

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Soybean Processing Capacity in Expansion Phase

Published February 8, 2019

The soybean processing industry is going through the biggest expansion phase in 20 years. That includes the AGP crush plant in Aberdeen and a facility in Michigan that are expected to come online later this year. The proposed projects at…

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