Tag: ADM

Swiss company suing ADM for allegedly manipulating Argo ethanol market

Swiss company suing ADM for allegedly manipulating Argo ethanol market

September 5, 2019 |

In Illinois, Reuters reports that a Swiss energy trading company has filed suit against Archer Daniel Midland in US District Court in Urbana, accusing the global grain and ethanol giant of manipulating ethanol prices in order to profit from a short position it held in the futures market. The suit says the company would aggressively […]

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ADM reports Q2 earnings and remains optimistic about China-U.S. trade

ADM reports Q2 earnings and remains optimistic about China-U.S. trade

August 3, 2019 |

In Illinois, Archer Daniels Midland Company reported financial results for the quarter ended June 30, 2019 including net earnings of $235 million and reported that their executed aggressive interventions amid challenging industry conditions like unfavorable weather impacts of approximately $65 million to segment, have helped them manage those challenges. Juan Ricardo Luciano Archer-Daniels-Midland Company – […]

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Break me off a piece of that ethanol unit – ADM separates ethanol business

Break me off a piece of that ethanol unit – ADM separates ethanol business

April 28, 2019 |

It’s in the Wall Street Journal. It’s in the Financial Times. It’s in Yahoo Finance. And of course, it’s in The Digest. It’s the Archer Daniels Midland Company breaking news of breaking off their ethanol unit…and a tumbling 40% decline in profit. In Chicago, Archer Daniels Midland Company reported their financial results for the quarter […]

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Learnings from the Earnings – Who’s Up? Who’s Down?

Learnings from the Earnings – Who’s Up? Who’s Down?

March 23, 2019 |

The lucky 13 – with spring comes a sense of renewal and this season these lucky 13 bioeconomy bellwethers recently shared their 2018 and Q4 earnings to reveal uncertainties with trade wars, especially between the U.S. and China, some deals that fell through impacting losses, and pricing issues. But all is not lost as there […]

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COFCO Joins Initiative to Modernize Global Agricultural Commodity Trade Operations

COFCO Joins Initiative to Modernize Global Agricultural Commodity Trade Operations

December 28, 2018 |

In Switzerland, COFCO International Ltd is partnering with Archer Daniels Midland Company, Bunge Limited, Cargill Incorporated, and Louis Dreyfus Company to standardize data and digitize global agricultural shipping transactions. Together, the companies are looking to increase transparency and efficiency for customers through digital technologies, such as blockchain and artificial intelligence. “We are pleased to join […]

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ADM picks up Brazil’s Algar Agro to boost oilseed processing capacity

ADM picks up Brazil’s Algar Agro to boost oilseed processing capacity

August 16, 2018 |

In Brazil, Archer Daniels Midland Co. has reached an agreement to purchase certain assets of Brazil-based Algar Agro, including oilseeds processing facilities in Uberlândia in the state of Minas Gerais, and Porto Franco in Maranhão. Under the terms of the deal, ADM will become owner of integrated crush and oil refining/bottling facilities in Uberlândia and […]

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ADM announces 3 new partnerships in 1 day – Cargill, Aston Foods, Neovia

ADM announces 3 new partnerships in 1 day – Cargill, Aston Foods, Neovia

July 8, 2018 |

In Illinois, ADM made three huge announcements in one day including a 50-50 joint venture with Russia-based Aston Foods and Food Ingredients to provide sweeteners and starches to customers in Russia. Aston is one of Russia’s largest agricultural and food ingredients businesses, with activities in farming, oilseeds crushing, edible oils and grain origination, in addition […]

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ADM and DuPont team up to develop, produce and market cellulase enzymes

ADM and DuPont team up to develop, produce and market cellulase enzymes

June 20, 2018 |

In Illinois, Archer Daniels Midland Company and DuPont Industrial Biosciences announced a collaboration to develop, produce and market cellulase enzymes for operators of grain-based ethanol plants. Cellulase enzymes assist in hydrolyzing the corn kernel fiber, which consists mostly of cellulose and hemicellulose carbohydrates. Once the fiber is broken down, more sugars can be liberated and […]

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ADM sees China requiring 11.4 billion liters of ethanol imports from 2020

ADM sees China requiring 11.4 billion liters of ethanol imports from 2020

June 7, 2018 |

In China, Archer Daniels Midland expects China will need to import 11.4 billion liters of ethanol annually from 2020 in order to meet its 10% ethanol-blending mandate because it can only double to its current production to around 7.6 billion liters. Demand for the mandate is estimated at 19 billion liters. The US is a […]

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POET overtakes ADM as largest ethanol producer

POET overtakes ADM as largest ethanol producer

April 30, 2018 |

In Iowa, Reuters reports that as ADM scales down its ethanol production to 1.6 billion gallons of installed capacity, POET has filled the gap and taken over the former’s spot at top US producer with 2 billion gallons expected by 2019 and 1.9 billion gallons set for 2018. Previously the companies were neck and neck […]

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