ADM Archives - Manitoba Co-operator

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ADM sets off ‘frenzy’ in US soybean market ahead of new biofuel blend rule

U.S. officials are expected to propose biofuel blending requirements below industry recommendations

By Karl Plume, Reuters, Tom Polansek June 13, 2025

Archer-Daniels-Midland, a major U.S. soybean crusher and biofuel producer, slashed its bids to buy the oilseed this week ahead of an expected Trump administration announcement on biofuel blending requirements, a primary driver of demand for soybean oil - and a prospective source of demand for Canadian canola.

File photo of soybeans being loaded for transport in Argentina. (Wirestock/iStock/Getty Images)

News, Reuters

ADM closing soybean processing plant in Kershaw, South Carolina

By Karl Plume, Reuters April 22, 2025

Grains merchant Archer-Daniels-Midland will permanently close its soybean processing plant in Kershaw, South Carolina, later this spring as part of a cost-cutting and consolidation push announced earlier this year.

News, Reuters

ADM halting domestic trading in China, cutting jobs in Shanghai

By Karl Plume, Reuters April 14, 2025

Global grain merchant Archer-Daniels-Midland has begun shutting down domestic trading operations in China and laying off staff within its largest business segment as part of a global cost-cutting push, the company said in an emailed statement on Monday.

News, Reuters

U.S. grain trader ADM appoints Cuddy as President, North America

By Reuters April 9, 2025

U.S. grain trader Archer Daniels Midland Co has appointed Christopher Cuddy as president for North America, according to a source and an internal memo seen by Reuters on Wednesday.

News, Reuters

ADM cuts jobs in grain trading division, sources say

By Ana Mano, Chris Prentice, Reuters March 26, 2025

U.S. grains merchant Archer-Daniels-Midland is making a fresh wave of job cuts this week at its largest unit, the grain trading and oilseed processing division, according to three sources briefed on the matter.

News, Reuters

ADM quarterly profit falls on weak crush margins, announces layoffs

By Karl Plume February 4, 2025

Chicago | Reuters – Grains merchant Archer-Daniels-Midland ADM.N reported a drop in fourth-quarter profit on Tuesday, pressured by weak oilseed crush margins and uncertainty over U.S. biofuel policy, and said it would be laying off up to 700 employees globally this year. Chicago-based ADM said it aimed to cut costs by $500 million to $750

News, Reuters

ADM taps industry veteran to lead accounting amid irregularities

By Reuters January 29, 2025

Grains trader Archer-Daniels-Midland on Wednesday named Carrie Nichol as its chief accounting officer, effective March 1, 2025, as the company continues to grapple with accounting irregularities.

News, Reuters

ADM declares force majeure along US Gulf terminals, Bloomberg News reports

By Reuters January 23, 2025

Global grains trader ADM has halted loading of grain vessels and declared a force majeure at U.S. Gulf terminals as the region faces a severe winter storm, Bloomberg News reported on Wednesday.

Markets, News, Reuters

ADM shareholder presses CEO to resign as criminal probe continues

By P.J. Huffstutter, Reuters December 31, 2024

A shareholder of agribusiness Archer-Daniels-Midland is pressing the company's CEO to resign for failing to clearly tell investors about problems with its internal accounting practices that have sparked a criminal investigation first reported by Reuters.

News, Reuters

ADM posts drop in Q3 earnings in delayed report, revises segment core profit

By Reuters November 18, 2024

Global grain trader Archer-Daniels-Midland posted a drop in third-quarter profit on Monday and said in its delayed filing that it has revised its calculation of total segment operating profit.

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Daily Network News

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

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Tag Archives ADM

ADM sets off ‘frenzy’ in US soybean market ahead of new biofuel blend rule

ADM closing soybean processing plant in Kershaw, South Carolina

ADM halting domestic trading in China, cutting jobs in Shanghai

U.S. grain trader ADM appoints Cuddy as President, North America

ADM cuts jobs in grain trading division, sources say

ADM quarterly profit falls on weak crush margins, announces layoffs

ADM taps industry veteran to lead accounting amid irregularities

ADM declares force majeure along US Gulf terminals, Bloomberg News reports

ADM shareholder presses CEO to resign as criminal probe continues

ADM posts drop in Q3 earnings in delayed report, revises segment core profit

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