Insights and Stories on ADM

Oct. 12, 2021 at 3:01 pm CDT

An online service farmers use to manage grain sales with ADM’s elevators and processing plants across Canada — along with Cargill and ADM elevators in the U.S. — is under new ownership. ADM and Cargill, the two major U.S.-based agribusinesses that set up GrainBridge in 2019, announced Tuesday they’ve sold […]

By Dave Bedard

Aug. 31, 2021 at 5:32 pm CDT

Chicago | Reuters — U.S. grain and soybean futures touched their lowest prices in weeks on Tuesday as power outages and damage to export facilities from Hurricane Ida stoked concerns about the potential for extended disruptions to shipments, analysts said. Uncertainty over the length of facility closures at the Gulf […]

By Tom Polansek

Aug. 19, 2021 at 6:14 pm CDT

Reuters — Marathon Petroleum and ADM announced on Thursday a joint venture to produce soybean oil that will be exclusively sold to Marathon for its renewable diesel plant. Refiners are on the hunt for secure access to feedstocks for renewable fuels amid supply constraints and soaring prices for fats, greases […]

By Arunima Kumar, Laura Sanicola

Jul. 28, 2021 at 9:10 am CDT

Reuters – U.S. grain merchant Archer-Daniels-Midland Co on Tuesday reported quarterly profit leapt 52 percent due to strong exports and oilseed crushing margins. The bigger-than-expected earnings sent shares to a two-week high and extended a recovery from the COVID-19 pandemic, which last year hurt demand for the company’s ethanol and […]

By Arunima Kumar, Tom Polansek

May. 12, 2021 at 8:36 pm CDT

A former malt processing plant in eastern North Dakota is set to be the site of the state’s first soybean crushing plant. U.S. ag processor ADM, the ‘A’ of the four ‘ABCD’ companies that dominate global grain trading, announced Monday it will spend about US$350 million to develop a dedicated […]

By Dave Bedard