In Iowa, Brownfield Ag News reports that despite initial expectations that it would idle dry mill ethanol plants in Iowa and Nebraska for four months, ADM said last week it wasn’t sure of when they would reopen. Originally idled in late April in response to falling demand from COVID-19 related impacts, they should have been […]
In Missouri, ambition for a sustainable future by the U.S. soybean industry, ADM and one other U.S. exporter have partnered with the U.S. Soybean Export Council (USSEC) to certify U.S. Soy as part of the SSAP-RED (U.S. Soy Sustainability Assurance Protocol-Renewable Energy Directive) program. This voluntary program, with support from the United Soybean Board, meets […]
In Illinois, Reuters reports that Green Plains has filed a class action lawsuit against Archer Daniels Midland with the U.S. District Court of Nebraska, saying that the company not only manipulated the price of ethanol at its Argo terminal to increase its profit but that it was done with the knowledge of senior ADM executives. […]
In Illinois, ICIS reports that Archer Daniels Midland has further expanded its industrial alcohol production, first at its Peoria, Illinois facility and now at its Clinton, Iowa facility in an effort to meet continued demand for hand sanitizers and other industrial uses. The company said that the additional production capacity will be available on demand, […]
In Illinois, ADM reported its first quarter earnings showing Ag Services and Oilseeds and Nutrition both delivering strong results and higher than last year but carbohydrate solutions lower than last year’s Q1. It also reported that it is providing industrial ethyl alcohol to Sazerac and is donating sanitizer to Decatur healthcare and long-term care facilities. […]
In Illinois, ADM is temporarily idling ethanol production at the company’s corn dry mill facilities in Cedar Rapids, Iowa, and Columbus, Nebraska. ADM is managing ethanol production throughout its U.S. corn processing network to focus on cash flows and to divert corn grind to other products that are in higher demand, such as alcohol for […]
In Illinois, Bloomberg is reporting that agrigiant Archer-Daniels-Midland, is underway on talks that would result in the divestiture of its ethanol production plants. Bloomberg disclosed that as many as five companies are discussing a potential joint venture or outright acquisition of ADM’s entire fleet of ethanol dry mills, which most recently topped 1 billion gallons […]
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 […]
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 – […]
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 […]
