Archer Daniels Midland adding 550 Mgy in ethanol capacity in 2010 as corn processing unit swings to loss in Q4

In Illinois, Archer Daniels Midland told analysts in a conference call to discuss the company’s earnings that it is the company’s expectation that approval by the EPA of E12 ethanol is a likely outcome of the petition by Growth Energy to approve up to 15 percent ethanol content in non flex-fuel vehicles.
ADM Chief Executive Officer [...]

August 05, 2009 | Jim Lane | Comments 0

ADM CEO Woertz says “the strategy hasn’t changed” as Reuters examines company’s biofuels evolution

Reuters ran a detailed analysis of the changing fortunes at Archer Daniels Midland under CEO Patricia Woertz, who commenced her reign in 2006 and embarked on a strategy to reposition that company in agrienergy as well as its long-standing leadership in grain processing.
According to Reuters, “ADM had a long history in biofuels, having basically invented [...]

June 03, 2009 | Jim Lane | Comments 0

Archer Daniels Midland, others to take ownership in 17 Cooagrgi grain operations; converting from debt to equity after co-op stumbles

In Brazil, Archer Daniels Midland said that it is nearing an agreement to start a new company that would assume ownership of 17 Cooagri cooperative grain elevators, after Cooagri’s credit lines evaporated in the current economic climate. The new entity would include the remainder of Cooagri’s creditos as equity stakeholders. ADM was the largest creditor [...]

March 11, 2009 | Jim Lane | Comments 0

Archer Daniels Midland mulling corn ethanol acquisitions

In Illinois, Archer Daniels Midland CFO Steve Mills said Tuesday that global agribusiness will be more profitable in the long term and that ADM may use the economic conditions as an opportunity to buy heavily discounted assets, including corn ethanol plants. Mills said many corn ethanol plants are in a distress condition, but that ADM [...]

February 18, 2009 | Jim Lane | Comments 0

Archer Daniels Midland downgraded by Morgan after analyst describes ag division business model as “a black box”

In Illinois, shares in Archer Daniels Midland dropped after a research analyst described the mechanism by which the company churns out profits in its agricultural operations as a “black box”. The company increased profits by $143 million in the agricultural services division, based on increases in international shipping charges and gains from hedging strategy. Barclays [...]

February 13, 2009 | Jim Lane | Comments 0

Archer Daniels Midland earnings whacked by ethanol downturn, yet surprise analysts braced for worse

In Illinois, Archer Daniels Midland beat analyst expectations in second quarter earnings released yesterday, but the company was whacked by the ethanol contraction in its corn processing division. Oilseeds processing operating profit increased $100 million for the quarter and $ 401 million for the six months, “due principally to improved crushing and origination margins partially [...]

February 04, 2009 | Jim Lane | Comments 0

ADM announces program to increase yields, sustainability by Brazilian soy growers

In Brazil, Archer Daniels Midland and Aliança Da Terra announced their joint Doing it Right program to encourage Brazilian soy growers to adopt sustainable farming practices. The “Produzindo Certo” project aims to maximize soy yields while environmental impacts and ensuring good working conditions for farm employees.
The initial phase of the program began in December in [...]

January 15, 2009 | Jim Lane | Comments 0

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