Tag: ADM

ADM not sure when it will reopen idled dry milling ethanol plants

ADM not sure when it will reopen idled dry milling ethanol plants

August 4, 2020 |

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 […]

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ADM partners with U.S. Soybean Export Council to certify U.S. for EU sustainability schemes

ADM partners with U.S. Soybean Export Council to certify U.S. for EU sustainability schemes

July 23, 2020 |

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 […]

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Green Plains files class action suit against ADM alleging Chicago Argo price manipulation

Green Plains files class action suit against ADM alleging Chicago Argo price manipulation

July 15, 2020 |

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. […]

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ADM shifts ethanol production to industrial at Clinton, Iowa facility

ADM shifts ethanol production to industrial at Clinton, Iowa facility

June 23, 2020 |

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, […]

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ADM partners with Sazerac for hand sanitizer production, reports Q1 net earnings of $391M

ADM partners with Sazerac for hand sanitizer production, reports Q1 net earnings of $391M

May 3, 2020 |

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. […]

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ADM to reduce ethanol grind in response to market conditions

ADM to reduce ethanol grind in response to market conditions

April 26, 2020 |

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 […]

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ADM may exit ethanol business: in talks with up to 5 contenders for sale, JV

ADM may exit ethanol business: in talks with up to 5 contenders for sale, JV

January 9, 2020 |

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 […]

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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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